Is Kewanee Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kewanee Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Kewanee Township was a Seller's Market.

Key Takeaway

Kewanee Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kewanee Township, IL

How much do homes in Kewanee Township, IL cost?

Median Sold Price

$70,300

$52/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$21,300(+43.5%)

Key Takeaway

Homes in Kewanee Township have sold for 43.5% more than they did a month ago.

Summary: The median home sold price in Kewanee Township was $70,300 in April 2024, up 43.5% from last month, and the median price per square foot was $52.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $49K$35K
-28.6%
3 $50.5K$72.6K
+43.8%
4 $46K-
N/A
5+ $150K-
N/A

Summary: Kewanee Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 43.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kewanee Township
+43.5%
Annawan Township
+24.4%

Housing Supply in Kewanee Township, IL

How many homes are available in Kewanee Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3230-6.3%

Summary: The Kewanee Township 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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 1413
-7.1%
4 96
-33.3%
5+ 21
-50.0%

Summary: The Kewanee Township 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 2024Apr 2024CHANGE
114-63.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kewanee Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Kewanee Township 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 Township, IL

How long does it take to sell a home in Kewanee Township, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
46 Days29 Days-35.9%

Summary: Homes in Kewanee Township had an average of 29 days on market in Apr 2024, down by 35.9% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kewanee Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Kewanee Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Kewanee Township, IL

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