Is Kirkland, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kirkland is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Kirkland has remained a Seller's Market.

Key Takeaway

Kirkland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kirkland, IL

How much do homes in Kirkland, IL cost?

Median Sold Price

$200,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,478(+4.4%)

Key Takeaway

Homes in Kirkland have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Kirkland was $200,000 in March 2024, up 4.4% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $159K$135K
-15.1%
3 $134.5K$200K
+48.6%
4 $265K$410K
+54.7%
5+ $271.5K$377.5K
+39.0%

Summary: Kirkland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 48.6%, 4 bedroom homes increased by 54.7%, and 5+ bedroom homes increased by 39%.

Median Sold Price Compared To Nearby Cities

Kingston Township
+18.7%
Kirkland
+4.4%
Franklin Township
-23.0%

Housing Supply in Kirkland, IL

How many homes are available in Kirkland, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
53-40.0%

Summary: The Kirkland real estate market had 3 homes for sale in March 2024, a 40.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Kirkland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kirkland, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Kirkland in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Kirkland, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
23 Days91 Days+295.7%

Summary: Homes in Kirkland had an average of 91 days on market in Mar 2024, up by 295.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Kirkland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 23 Days Ago

Newest Listings in Kirkland, IL

Nearby Markets to Kirkland, IL

What housing markets are near Kirkland, IL?