Hey there, everyone! Miles Tischhauser with The Kombrink Team at One Source Realty here, your friendly neighborhood REALTOR® with some exciting updates for you all. Today, we're diving into the current market trends here in DeKalb, Illinois.

Months Supply of Inventory

Let's start with the numbers, shall we? Right now, we're looking at a 1.63 Months Supply of Inventory in DeKalb. Over the last 12 months, we've seen a positive trend with a 3% increase in the Months Supply of Inventory. This increase is encouraging as it indicates a slightly growing inventory, providing more options for buyers while still maintaining a competitive edge for sellers.

Dekalb IL Real Estate Market June 2024 Months Supply of Housing Inventory

Implications for Buyers and Sellers

What does this mean for you as a buyer or seller? Well, with a low inventory supply, now might be the perfect time to list your home and take advantage of the high demand in the market. Sellers can benefit from the limited competition and the high demand driving prices up.

List to Sold Price Percentage

Speaking of demand, our List to Sold Price percentage is currently sitting at a fantastic 102.7%. This means that sellers are getting top dollar for their homes, making it a win-win situation for everyone involved. Buyers should be prepared to offer above the listing price to secure their desired property, reflecting the strong competition in the market.

Dekalb IL Real Estate Market June 2024 Average List to Sale Price Percentage

Median Days on Market

And if you're looking to buy, don't worry! With a median days on market of just 7 days, homes are selling fast. So be sure to act quickly and make your move before it's too late. This fast-paced market requires buyers to be well-prepared with their finances and ready to make quick decisions.

Dekalb IL Real Estate Market June 2024 Median Days on Market

Median Sold Price

Last but not least, let's talk numbers. The median sold price in DeKalb is currently at $230,000. This is a great indicator of the strong housing market we have here, and it's only expected to continue growing. This median price offers a benchmark for both buyers and sellers to understand the market value and set realistic expectations.

Dekalb IL Real Estate Market June 2024 Median Sold Price


So there you have it, folks! The market in DeKalb, Illinois is hot right now. Whether you're looking to buy or sell, now is the time to make your move. The favorable conditions for sellers and the quick turnover for buyers create an exciting and dynamic market environment.

And of course, if you need any assistance navigating the market, don't hesitate to reach out to me, Miles Tischhauser, your trusted REALTOR®. I am here to provide you with personalized advice and help you make the most of these market conditions.

Posted by The Kombrink Team on


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