Is Kewanee, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Kewanee was a Seller's Market.
Housing Prices in Kewanee, IL
How much do homes in Kewanee, IL cost?
Median Sold Price
$65,000
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kewanee was $65,000 in April 2024, down 25.3% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $40.9K | -51.8% |
2 Bedrooms | $61.2K | $52K | -15.1% |
3 Bedrooms | $89K | $79K | -11.2% |
4 Bedrooms | $121K | $64.2K | -46.9% |
5+ Bedrooms | $115K | $150K | +30.4% |
Summary: Kewanee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.8%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 46.9%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
Wethersfield Township | $110K | $82.4K | -25.0% |
Kewanee | $87K | $65K | -25.3% |
Housing Supply in Kewanee, IL
How many homes are available in Kewanee, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 30 | -6.3% |
Summary: The Kewanee real estate market had 30 homes for sale in April 2024, a 6.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Kewanee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Kewanee in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Kewanee, IL
How long does it take to sell a home in Kewanee, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 29 Days | +40.5% |
Summary: Homes in Kewanee had an average of 29 days on market in Apr 2024, up by 40.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Kewanee; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.