Homes for Sale Under 250K in Kankakee, IL

194 Homes for Sale

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Kankakee, IL Housing Market Overview

Kankakee is a balanced market, giving buyers and sellers room to negotiate. With 1 months of supply and homes averaging 58 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

58

Inventory

68

Sep 2021May 2024Jun 2026

Median Home Price

$185,000Up 12.12%

In Jun 2026 · YoY

Sep 2021May 2024Jun 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
68 Down 11.69%
Newly Listed Homes
21 Down 43.24%
Months of Supply
1 Down 11.69%

Housing Demand

Homes Sold
68 Down 0.00%
Sale-to-List Ratio
97.9% Up 1.06%
Homes Sold Above List
29.2% Down 25.45%

30-yr fixed rate 6.23% · Data as of Jun 2026 · Source: Houzeo Research.

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  • mls-img
    This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 7, 2026, 6:00 AM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

    Based on information submitted to the MLS GRID as of Oct 7, 2026, 6:00 AM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

    Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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Kankakee, IL Housing Marketlink qauare
Homes Available icon

194

Homes Available

Median List Price icon

$ 185,000

Median List Price

Avg on Market icon

58 Days

Avg on Market

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