Single-Family Homes
Tue May 30 2023
This week the median list price for Kirkland, IL is $249,950 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 2.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Median List Price | $249,950 | |
Median Price of New Listings | $434,900 | |
Per Square Foot | $106 | |
Average Days on Market | 18 | |
Median Days on Market | 18 | |
Price Decreased | 0% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 2 | |
Median Rent | ||
Market Action | 48 | |
Strong Seller's Market |
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
$434,900 | 2,798 | 2.5 - 5 acres | 5 | 2.5 | 109 | 1 | 0 | 0 |
$65,000 | 1,104 | - | 2 | 1 | 101 | 0 | 0 | 35 |