Kankakee, Illinois, is a vibrant city located about 60 miles south of Chicago along the banks of the Kankakee River. With a population of roughly 26,000, it serves as the county seat of Kankakee County and offers a mix of small-town charm and rich history. The city is known for its scenic riverfront, historic architecture like the Frank Lloyd Wright-designed B. Harley Bradley House, and a strong agricultural heritage. Kankakee features a diverse community, with attractions such as the Kankakee River State Park, perfect for fishing, hiking, and kayaking, and a lively downtown hosting farmers' markets and festivals. Its proximity to Chicago, combined with affordable living and a welcoming atmosphere, makes Kankakee an appealing destination for families and visitors seeking a blend of nature and culture.
Kankakee currently has 126 single family homes for sale with an average list price of $194,918.67, 1 townhouse for sale with a list price of $90,000, 2 condos for sale with an average list price of $136,493, and 40 lots for sale with an average list price of $74,760.48. The average annual property tax for Kankakee is $3,563.88.
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 Kankakee, i.e. what's hot and what's not.
See What's Hot & What's Not in KankakeeKankakee home sales for the month of June decreased in volume by 13% when compared to last year, while the median sale price rose by 14.1% from $160,000 to $182,500. House sales decreased by 4.8%, while the median sale price rose by 14.1% from $160,000 to $182,500.
395
|
387
|
333
|
316
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$130,000
|
$140,000
|
$145,500
|
$157,250
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |