Kankakee County median home valuation prices rose by 16.5% in January 2025 compared to January 2024

Kankakee County Recorder Lori Gadbois (2023) | https://www.facebook.com/LoriGadboisRecorder/

By P. G. Speer

Feb 9, 2025

In January, the median sale price of a home in Kankakee County rose by $25,000 from the same period in the previous year, while total sales decreased by 14.9%, according to BlockShopper.com.

There were 80 homes sold in January, with a median sale price of $176,500 — a 16.5% increase over the $151,500 median sale price during the same period of the previous year. In comparison, 94 homes were sold in Kankakee County in January 2024.

Based on the latest available data from 2023, the median sales tax in Kankakee County was $4,036, which stands at 2.3% of January's median home sale price.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Kankakee County from January 2024 to January 2025.