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
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The Kankakee, IL market is experiencing accelerated demand absorption, with a pending ratio of 0.69, indicating active demand relative to current inventory. Active listings have contracted substantially by -21.8% year-over-year, contributing to tighter market conditions.
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 · Jun 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.
Inventory levels have seen a notable reduction, with active listings down -21.8% over the past year and new listings declining by -31.9% year-over-year. This supply constriction supports an elevated pending ratio, which registered at 0.69, reflecting strong buyer engagement. Median listing prices have increased by 5.2% year-over-year, accompanied by a 6.4% year-over-year rise in median price per square foot, despite a slight -0.2% month-over-month dip in median listing price. The market pace has slowed somewhat, with median days on market rising 25.4% over the past year, though the share of price-reduced listings decreased by -4.5% year-over-year.
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 market pace suggests that properties are moving quickly once listed, with the robust pending ratio indicating heightened competition among prospective buyers. The contraction in active listings and new listings places inventory pressure on the market, potentially limiting negotiating latitude for buyers. While the pace of sales has softened slightly as indicated by days on market, the overall inventory scarcity necessitates price discipline from sellers to maintain strong absorption.
The average listing price increased by 6.3% year-over-year, while the median listing price rose by 5.2% over the same period. The average-to-median price spread indicates that the higher end of the market is performing broadly in line with the overall market trend, showing no distinct luxury-segment signal in this dataset.
171 active listings represent the current floor, with new supply arriving at roughly 98 per month.
of active listings carry a price reduction, -4.5% from prior period.
Median price per square foot has moved +6.4% year-over-year.
Pending-to-active ratio — Accelerated.
Recommended For This Market
AcceleratedSelling in Kankakee, IL? Homes here are taking 9 days longer 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
- 69%
- Median Days on Market
- 45 days
- Inventory YoY
- −22%
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
$197K
50 active · 60 DOM
60914
bourbonnais
$343K
48 active · 37 DOM
60970
watseka
$132K
23 active · 51 DOM
60942
hoopeston
$99K
20 active · 61 DOM
60950
manteno
$356K
16 active · 60 DOM
60915
bradley
$225K
16 active · 32 DOM
60957
paxton
$160K
13 active · 60 DOM
60936
gibson city
$191K
10 active · 32 DOM
60966
sheldon
$100K
8 active · 47 DOM
60953
milford
$160K
8 active · 111 DOM
60921
chatsworth
$245K
7 active · 56 DOM
60938
gilman
$154K
7 active · 67 DOM
60940
grant park
$452K
6 active · 44 DOM
60911
ashkum
$237K
5 active · 57 DOM
60929
cullom
$134K
5 active · 52 DOM
60928
crescent city
$117K
4 active · 72 DOM
60963
rossville
$67K
4 active · 46 DOM
60927
clifton
$337K
3 active · 28 DOM
Sorted by active inventory · click a ZIP for its full report