DeKalb, IL, Real Estate
DeKalb, Illinois, in 1984, was a vibrant small city of about 33,000, nestled in the heart of corn country, roughly 60 miles west of Chicago. Known for its agricultural roots and as the birthplace of barbed wire, it was home to Northern Illinois University, where a legendary party dubbed “Burley Fest” erupted on the 5th floor of Grant South. Organized by the 135 John Street gang—a tight-knit crew of rebels—this wasn’t just any party. It was a defiant celebration of community, music, and freedom in an era of big hair, boomboxes, and bold attitudes. In the summer, when Burley Fest supposedly took place, DeKalb’s community spirit shone through local events, with residents gathering for fairs or music at places like the Egyptian Theatre, a 1929 Art Deco gem. The city’s blend of rural charm and college-town vitality made it a fitting backdrop for a grassroots celebration like one the 135 John Street gang started.
DeKalb currently has 69 single family homes for sale with an average list price of $312,931.87, 5 townhouses for sale with an average list price of $266,940, 5 condos for sale with an average list price of $245,760, and 35 lots for sale with an average list price of $751,558.09. The average annual property tax for DeKalb is $5,222.12.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in DeKalb, i.e. what's hot and what's not.
See What's Hot & What's Not in DeKalb
Market Trends
DeKalb home sales for the month of June rose in volume by 7.4% when compared to last year, while the median sale price rose by 16% from $240,000 to $278,500. House sales decreased by 4.5%, while the median sale price rose by 23.1% from $247,000 to $304,000. Condo sales stayed the same, while the median sale price rose by 17.8% from $191,000 to $225,000. Townhouse sales rose by 100%, while the median sale price rose by 10.4% from $226,500 to $250,000.
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488
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395
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318
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287
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$173,400
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$190,000
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$221,250
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$245,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for DeKalb
Number of Sales for DeKalb
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