Altos Market Data for Realtors

Kankakee, IL

Single-Family Homes

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Kankakee, IL

Tue Sep 21 2021
This week the median list price for Kankakee, IL is $122,449 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 50. Click here to stay informed with the Kankakee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Kankakee, IL

Tue Sep 21 2021
This week the median list price for Kankakee, IL is $122,449 with the market action index hovering around 56. This is less than last month's market action index of 57. Inventory has held steady at or around 50. Click here to stay informed with the Kankakee market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Kankakee market.
Median List Price $122,449
Median Price of New Listings $110,000
Per Square Foot $84
Average Days on Market 71
Median Days on Market 28
Price Decreased 22%
Price Increased 0%
Relisted 2%
Inventory 50
Median Rent $2,800
Market Action 56
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$271,759 2,593 0.5 - 1 acre 4 2 64 1 2 56
$140,200 1,236 6,500 - 8,000 sqft 3 1 71 3 5 14
$109,900 1,232 6,500 - 8,000 sqft 3 1 74 5 1 7
$44,900 1,050 6,500 - 8,000 sqft 3 1 86 4 0 42