$475,000
40.44 Acres
Land
#100473595, Listing Office: EXP Realty LLC - C
Is Kenly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Kenly was a Seller's Market.
Key Takeaway
Kenly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kenly, NC
How much do homes in Kenly, NC cost?
Median Sold Price
$290,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,250(+5.9%)
Key Takeaway
Homes in Kenly have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Kenly was $290,000 in September 2024, up 5.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193.2K | $200K | +3.5% |
| 3 Bedrooms | $275K | $287.4K | +4.5% |
| 4 Bedrooms | $351K | $384K | +9.4% |
| 5+ Bedrooms | $440K | $485K | +10.2% |
Summary: Kenly housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Kenly | $273.7K | $290K | +5.9% |
| Micro Township | $299K | $272.9K | -8.7% |
Housing Supply in Kenly, NC
How many homes are available in Kenly, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The Kenly real estate market had 53 homes for sale in September 2024, a 12.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 38 | 45 | +18.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Kenly housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenly, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Kenly in September 2024, down by 30.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Kenly, NC
How long does it take to sell a home in Kenly, NC?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 88 Days | 49 Days | -44.3% |
Summary: Homes in Kenly had an average of 49 days on market in Sep 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenly are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Kenly; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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