Kankakee, IL Home Values & Market Trends
Real estate market trends reflect that there have been 429 transactions over the past year in Kankakee. The median value for residential home transactions that occurred over the previous year is $183,063. The number of current listings in Kankakee is 339, and the percentage of properties for sale in the city is 339.00%. Kankakee, IL currently has 74 properties in foreclosure, 7 bank owned properties, 4 properties headed for auction, and 339 properties for sale.
Kankakee, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60901 | $ 183,063 $ 134/sqft |
Housing Market Summary for Kankakee, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $169.9K | $184.9K | 8.83% |
| Median Sold Price | $151.8K | $154.7K | 1.95% |
| Homes For Sale | 286 | 327 | 14.34% |
| Homes Sold | 175 | 157 | -10.29% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Kankakee, IL
Browse Homes in Kankakee, IL
Kankakee home values range from $24,140 to $1,175,000. The median estimated value of a home in Kankakee is $183,063. The median list price of a home is 185,000, and the total count of properties in the city is 650.
- Pre-ForeclosurePre-foreclosure homes account for 9.69% of all residential properties in Kankakee, IL with 60901 containing 63 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Kankakee, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $496,342 in 60901 to the lowest home value of $63,568 in 60901.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Kankakee, IL ranges from the highest value of $197,251 in 60901 to the lowest value of $57,500 in 60901. Bank owned homes and properties account for 1.08% of properties in Kankakee, IL. There is 1 zips within Kankakee, IL; 60901 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60901 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Kankakee, IL. Auction homes and other auction properties account for 0.62% of all properties in Kankakee, IL. There is 1 zips within Kankakee, IL; of that zips, the median estimated home value for homes going to auction ranges from $209,583 in 60901 to the lowest value of $115,759 in 60901.
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Guide for Kankakee, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
