Is Chebanse, IL 60922 a buyer’s or seller’s market?
Chebanse is a seller’s market. With about 0.6 months of supply and 60% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Chebanse housing market right now
In the three months ending August 31, 2026, 60% of homes in Chebanse, IL 60922 sold above their list price, the typical home went under contract in 54 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (64 days then) and the median sale price rose 25% to $260,887. Overall, Chebanse is more competitive than a year ago, so tougher for buyers.
Within Kankakee County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Pembroke Township 60958 (0% sold over asking) or Essex 60935 (0% sold over asking).
Run the numbers for 60922
Nearby markets
Aroma Park 60910Seller’s market $153 /sq ftBonfield 60913 $156 /sq ftBourbonnais 60914Seller’s market $175 /sq ftBradley 60915Seller’s market $176 /sq ft Browse all markets →Towns like Chebanse nearby
Find towns like Chebanse in other states →Where Chebanse is
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Questions about Chebanse real estate
Is Chebanse a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Chebanse, IL 60922 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Chebanse?
The typical home went under contract in 54 days in the latest three months.
Do homes in Chebanse sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 101.4% of the list price.
What are property taxes in Chebanse?
About 2.21% of a home’s value a year in Kankakee County, or roughly $8,840 on a $400,000 home.
What is the median home price in Chebanse?
The median sale price was $260,887 in the three months ending August 31, 2026, about $138 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology