Kankakee, IL metro area Housing Market Brief
metro · as of May 2026
What is Kankakee, IL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Kankakee, IL metro area in its market cycle?
Kankakee, IL metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
Kankakee, IL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $240K | ▲ +7.3% |
| Median Days on Market | 65 days | ▲ +30% |
| Months of Supply | 3.5 | 0% |
| Homes for Sale | 298 | ▼ -3.6% |
| Homes Sold | 84 | ▼ -4.5% |
| Median Price / Sq Ft | $166 | ▲ +3.6% |
| Sale-to-List Ratio | 98.1% | ▼ -0.1% |
How has Kankakee, IL metro area’s Alpha Score moved?
Markets like Kankakee, IL metro area
Frequently asked questions
Is Kankakee, IL metro area a buyer's or seller's market?
As of May 2026, Kankakee, IL metro area is classified as a Seller's Market, based on its Alpha Score of 62 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Kankakee, IL metro area?
The median sale price in Kankakee, IL metro area is $240K, having risen 7.3% over the past year.
How affordable is Kankakee, IL metro area?
Kankakee, IL metro area scores 68 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Kankakee, IL metro area's Alpha Score?
Kankakee, IL metro area's strongest dimension is Price Momentum (71/100) and its weakest is Economic Strength (50/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Kankakee, IL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.