Kankakee, IL
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's accelerated Kankakee market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Kankakee, IL.
The Kankakee, IL market is currently operating under Accelerated conditions, driven by a pending ratio of 0.67, which indicates demand is outpacing available inventory. Median listing prices have increased by 6.8% over the past year, reaching $266,975. This suggests sustained upward price pressure within the market.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Aug 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Kankakee market right now.
Active listings have contracted by 11.8% year-over-year, alongside a 20.4% increase in new listings, highlighting dynamic inventory shifts. The median days on market decreased by 12.5% over the past year to 44 days, indicating a faster absorption of available properties. The pending ratio has also seen a significant year-over-year increase of 7.7%, reflecting strengthening demand absorption relative to supply.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current pace of sales, evidenced by fewer days on market and a rising pending ratio, suggests limited negotiating flexibility for prospective purchasers. Inventory pressures, characterized by a contraction in active listings, contribute to a market environment where properties are absorbed quickly. This necessitates a proactive approach from demand-side participants regarding price discipline.
The average listing price of $312,738 has seen a 9.6% increase over the past year, while the median listing price rose by 6.8% during the same period, indicating a widening spread. No distinct luxury-segment signal in this dataset.
190 active listings represent the current floor, with new supply arriving at roughly 118 per month.
of active listings carry a price reduction, -3.3% from prior period.
Median price per square foot has moved +8.6% year-over-year.
Pending-to-active ratio — Accelerated.
Recommended For This Market
AcceleratedSelling in Kankakee, IL? Homes here are taking 6 days less to sell than last year.
Demand in Kankakee, IL is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.
- Buyer Demand Index
- 67%
- Median Days on Market
- 44 days
- Inventory YoY
- −12%
Demand is strong in Kankakee, IL. Check your Sold Score before you price — conditions this favorable don't hold forever.
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Metro Demographics
ZIPs in Kankakee, IL
60901
kankakee
$206K
62 active · 45 DOM
60942
hoopeston
$112K
26 active · 55 DOM
60950
manteno
$342K
24 active · 34 DOM
60970
watseka
$150K
23 active · 49 DOM
60948
loda
$295K
14 active · 108 DOM
60936
gibson city
$235K
13 active · 43 DOM
60915
bradley
$221K
13 active · 51 DOM
60953
milford
$155K
10 active · 85 DOM
60921
chatsworth
$200K
9 active · 57 DOM
60966
sheldon
$112K
8 active · 105 DOM
60941
herscher
$280K
6 active · 34 DOM
60938
gilman
$192K
6 active · 37 DOM
60954
momence
$225K
6 active · 47 DOM
60924
cissna park
$203K
6 active · 107 DOM
60929
cullom
$137K
5 active · 96 DOM
60963
rossville
$158K
5 active · 50 DOM
60911
ashkum
$247K
5 active · 61 DOM
60940
grant park
$441K
5 active · 64 DOM
Sorted by active inventory · click a ZIP for its full report