Kankakee, IL
Housing market overview · Updated weekly
$116,000median sale price
Homes sold
22
Last 12 weeks
Days on market
90
Average pace
Active listings
83
3.8 months supply
Sale-to-list
92.5%
Below asking
The Kankakee housing market is currently classified as a leaning buyer's with a median sale price of $116,000. Prices have fallen 16.6% compared to last year, with homes spending an average of 90 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Kankakee
There are currently 83 homes listed for sale in Kankakee, Illinois. The median listing price is $155K.
Active listings
83
Homes on market
Median list price
$155K
Avg. days on market
90
Days until sale
New this week
24
Newly listed
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Frequently asked questions
What is the average home price in Kankakee?
The median home sale price in Kankakee is $116,000, down 16.6% from last year.
How long do homes stay on market in Kankakee?
Homes typically spend 90 days on market before going under contract.
Is Kankakee a buyer's or seller's market?
With 3.8 months of supply, Kankakee is currently a leaning buyer's.
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