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Featured local agent — Kewanee, IL
Sarah Mitchell
Compass Real Estate · Kewanee, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Kewanee, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$65,000median sale price
How is the Kewanee, IL housing market right now?
The median home sale price in Kewanee, IL is $65,000, down 33.3% year-over-year. Homes sell in an average of 36 days with 19 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Kewanee a buyer's or seller's market?
Kewanee, IL is currently a seller's market, based on 1.3 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
36
Average pace
Active listings
19
1.3 months supply
Sale-to-list
95.3%
Below asking
What does the Kewanee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $65,000 |
| Median list price | $92,000 |
| Year-over-year price change | -33.3% |
| Average days on market | 36 days |
| Active inventory | 19 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 95.3% |
| Median price per sq ft | $66/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 11 |
| Listings with a price cut | 47.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Kewanee by property type?
How the Kewanee, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $62,500 | $69/sq ft | 14 | 35 days |
| Townhouse | $61,000 | $39/sq ft | 1 | 53 days |
Source: Redfin · Updated monthly
The Kewanee housing market is currently classified as a seller's market with a median sale price of $65,000. Prices have fallen 33.3% compared to last year, with homes spending an average of 36 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.7x provides context for how home values compare to local earning capacity.
Homes for sale in Kewanee
There are currently 19 homes listed for sale in Kewanee, Illinois. The median listing price is $92K.
Active listings
19
Homes on market
Median list price
$92K
Avg. days on market
36
Days until sale
New this week
11
Newly listed
Who lives in Kewanee?
Population
12,280
Median income
$49,668/yr
Median age
43.6 years
Owner-occupied
69.9%
College grads
15.1%
Avg commute
18.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Kewanee?
Zillow home value
$84,352
Price-to-income
1.7x
Source: Zillow Research
What is it like to live in Kewanee?
Kewanee is a community of approximately 12K residents with a median age of 43.6 years.The median household income is $49,668, which represents a working-class community with solid middle-income opportunities. 15.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Kewanee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Kewanee?
8 schools tracked · 2,413 students
The largest public schools serving Kewanee, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Kewanee High School
Grades 9-12 · 610 students
Central Elem
Grades 4-6 · 357 students
Wethersfield Elem School
Grades PK-6 · 306 students
Irving Elem School
Grades 2-3 · 249 students
Belle Alexander Elem School
Grades K-1 · 242 students
Wethersfield Jr/Sr High School
Grades 7-12 · 233 students
Central Junior High
Grades 7-8 · 218 students
Lyle School
Grades PK · 198 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Kewanee, IL?
Want a head-to-head view? Compare Kewanee side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Kewanee?
The median home sale price in Kewanee is $65,000, down 33.3% from last year.
How long do homes stay on market in Kewanee?
Homes typically spend 36 days on market before going under contract.
What is the median income in Kewanee?
The median household income is $49,668 per year.
Is Kewanee a buyer's or seller's market?
With 1.3 months of supply, Kewanee is currently a seller's market.
What is the Zillow home value estimate for Kewanee?
The Zillow Home Value Index (ZHVI) for Kewanee is $84,352, representing the typical home value in the area.
How much does a single-family home cost in Kewanee?
The median single-family home price in Kewanee, IL is $62,500 (about $69 per square foot).
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