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Is Kirkwood, IL 61447 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Kirkwood is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.5%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$117

The Kirkwood housing market right now

In the three months ending August 31, 2026, 0% of homes in Kirkwood, IL 61447 sold above their list price, the typical home went under contract in 31 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.

The median sale price was $84,963, or about $117 per square foot.

Nearby, Gerlaw 61435 (100% sold over asking) and Monmouth 61462 (13% sold over asking) are even more competitive.

Run the numbers for 61447

Prefilled for 61447Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61447Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Gerlaw 61435 $104 /sq ftMonmouth 61462Balanced $92 /sq ftRoseville 61473Balanced $69 /sq ft Browse all markets →

Towns like Kirkwood nearby

Find towns like Kirkwood in other states →
Wataga, IL61488 · 27 miles away82% similarnewer homes Farmington, IL61531 · 39 miles away81% similarpricier homes ($32K more) · larger Reynolds, IL61279 · 33 miles away80% similarpricier homes ($66K more) Alpha, IL61413 · 30 miles away79% similarolder residents

Where Kirkwood is

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Questions about Kirkwood real estate

Is Kirkwood a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Kirkwood, IL 61447 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Kirkwood?

The typical home went under contract in 31 days in the latest three months.

Do homes in Kirkwood sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.

What are property taxes in Kirkwood?

About 1.81% of a home’s value a year in Warren County, or roughly $7,240 on a $400,000 home.

What is the median home price in Kirkwood?

The median sale price was $84,963 in the three months ending August 31, 2026, about $117 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology