Is Kenilworth, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kenilworth was a Seller's Market.
Key Takeaway
Kenilworth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kenilworth, NC
How much do homes in Kenilworth, NC cost?
Median Sold Price
$598,500
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kenilworth have sold for 14% more than they did a year ago.
Summary: The median home sold price in Kenilworth was $598,500 in May 2024, up 14% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $285K | -7.3% |
| 2 Bedrooms | $427.4K | $420K | -1.7% |
| 3 Bedrooms | $589K | $680K | +15.4% |
| 4 Bedrooms | $805K | $814.5K | +1.2% |
| 5+ Bedrooms | $310K | $1.2M | +298.4% |
Summary: Kenilworth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 298.4%.
Housing Supply in Kenilworth, NC
How many homes are available in Kenilworth, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Kenilworth real estate market had 34 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kenilworth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kenilworth, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kenilworth in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Kenilworth, NC
How long does it take to sell a home in Kenilworth, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 46 Days | -8.7% |
Summary: Homes in Kenilworth had an average of 46 days on market in May 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kenilworth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Kenilworth; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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