Foreclosure Homes in Dekalb, IL 60115

Current Market Conditions in Dekalb, IL

The real estate market in Dekalb is currently characterized by a moderate increase in demand, with homes seeing a steady appreciation in value over recent months. Buyers are actively looking for properties, especially those near Northern Illinois University, as the student population contributes to a rental market that is quite lucrative.

Recent trends indicate a strong seller's market in Dekalb, with properties often selling quickly due to limited inventory. This has led to an increase in bidding wars, as buyers compete for desirable homes, driving prices upward.

Rent Prices In Dekalb, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Dekalb, IL, is on a rollercoaster ride. The average rent price in Dekalb, IL, is $1,367.00. Indeed, when looking to rent in Dekalb, IL, you can expect to pay as little as $660.00 or as much as $2,700.00, with the average rent median estimated to be $1,340.00. The good news is that finding an affordable and desirable property to rent in Dekalb, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.