Is Kane, IL 62054 a buyer’s or seller’s market?
Kane is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Kane housing market right now
In the three months ending August 31, 2026, 0% of homes in Kane, IL 62054 sold above their list price, the typical home went under contract in 65 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (135 days then) and the median sale price fell 44% to $129,944. Overall, Kane is more competitive than a year ago, so tougher for buyers.
Within Greene County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Eldred 62027 (100% sold over asking) and Carrollton 62016 (10% sold over asking) are even more competitive.
Run the numbers for 62054
Nearby markets
Carrollton 62016Seller’s market $100 /sq ftEldred 62027 $73 /sq ftGreenfield 62044Seller’s market $171 /sq ftHillview 62050Seller’s market $74 /sq ft Browse all markets →Where Kane is
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Questions about Kane real estate
Is Kane a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Kane, IL 62054 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 Kane?
The typical home went under contract in 65 days in the latest three months.
Do homes in Kane sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Kane?
About 1.74% of a home’s value a year in Greene County, or roughly $6,960 on a $400,000 home.
What is the median home price in Kane?
The median sale price was $129,944 in the three months ending August 31, 2026, about $87 per square foot.
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More tools for 62054
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology