Photo: MrHarman at English Wikipedia · Public domain266 homes sold in Kankakee in the last year, at a typical $146K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Kankakee homes are listed.
Every place Kankakee homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Kankakee.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 85% of Kankakee’s sales, at a typical $147K
266 homes sold in the year to May 2026.
typical sale · 226 sold in 12 months
- Per square foot
- $112IL $180
- Days to sell
- 65
- Sold over asking
- 31%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 35 sold, typical $125K
Townhouses: 4 sold, typical $152K
Condos: 1 sold, typical $122K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.9 times the 2016 price
266 sales in the last year, against 317 in 2022 and a low of 157 in 2012. The typical sale went from $51K in 2016 to $146K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Kankakee
Check a listing against what Kankakee homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Kankakee are more common than before the pandemic, but 18% fewer homes come up for sale
We read every month of Kankakee’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 266 sales.
If you’re buying in Kankakee
- Shop in October. It brings about 32 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Some room to negotiate. 23% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 96.5% of the list price on average; 29% paid over.
- You’ll usually have time. Only 33% of homes go under contract within two weeks; the typical one takes 69 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 40 a month), but July is the most competitive: 30% of July sales close over asking. October offers nearly as much choice with fewer homes bid up (26%). February has the least competition (25%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Kankakee now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 20% | 36% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 33% | 24% | 45% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 21% | 21% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 96.5% | 92.8% | 96.2% | 99.2% |
| Days to sellMedian days from listing to contract | 69 | 78 | 19 | 49 |
99 homes for sale on a typical day
That’s 2.3 times the 2021 low (43), 18% fewer than in 2017–19 and well under 2013’s 204.
1 in 4 listings has cut its price
23% in the last year, against 21% in 2017–19 and 19% across Illinois.
Kankakee ranks 256th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Kankakee is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Kankakee home costs about $1,116 a month
Price: Kankakee’s typical sale, last 12 months. Property tax at Kankakee’s 2.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Kankakee is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 18.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $146K home, about $4,240 a year.
Taxes vs. neighborsSchools
The schools grade for Kankakee, from test results, graduation and how much students grow.
Schools in KankakeeTypical commute
The average one-way trip to work for people who live in Kankakee.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Bradley, Bourbonnais, Manteno and Peotone for far more
The busier markets within 25 miles of Kankakee, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Kankakee | 266 | $146K | $112 | 29% | 69 |
| Bourbonnais | 213 | $301K | $171 | 32% | 50 |
| Bradley | 162 | $223K | $168 | 34% | 53 |
| Manteno | 99 | $307K | $172 | 22% | 69 |
| Peotone | 52 | $306K | $168 | 31% | 73 |
| Momence | 29 | $184K | $139 | 31% | 54 |
| Grant Park | 20 | $223K | $136 | 5% | 68 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Kankakee, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Kankakee. People who follow the town see it, and so do people comparing Kankakee with their own town. No commission, no listing fee.
Questions about buying a home in Kankakee
What do homes sell for in Kankakee, IL?
266 homes sold in the year to May 2026 at a typical $146K, $112 a square foot.
Is Kankakee a buyer’s or seller’s market?
A balanced market: 81 homes were for sale in May 2026 and 20 sold, about 4.1 months of supply. Buyers paid 96.5% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Kankakee?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Kankakee?
About 2.9% of a home’s value a year. On a $146K home that’s near $4,240.
Where can I see homes for sale in Kankakee?
Zillow, Redfin, Realtor.com and Homes.com all carry Kankakee’s MLS listings; the search links above open each one filtered to Kankakee.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).