Is Kankakee, IL 60901 a buyer’s or seller’s market?

The Kankakee housing market right now

In the three months ending August 31, 2026, 34% of homes in Kankakee, IL 60901 sold above their list price, the typical home went under contract in 66 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (35% then), homes sold more slowly (51 days then) and the median sale price rose 11% to $194,416. Overall, Kankakee is less competitive than a year ago, which gives buyers more room.

Within Kankakee County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 58%. On our competition score, Kankakee ranks #410 of 464 IL ZIP codes with enough sales (score 42 out of 100).

Nearby, buyers who want less competition could look at Pembroke Township 60958 (0% sold over asking) or Essex 60935 (0% sold over asking), while Chebanse 60922 (60% sold over asking) and Bradley 60915 (55% sold over asking) are even more competitive.