Is Kennesaw, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kennesaw has remained a Seller's Market.
Key Takeaway
Kennesaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennesaw, GA
How much do homes in Kennesaw, GA cost?
Median Sold Price
$400,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kennesaw have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Kennesaw was $400,000 in May 2024, up 3.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | - | N/A |
| 2 Bedrooms | $279.4K | $292.4K | +4.6% |
| 3 Bedrooms | $345K | $360K | +4.3% |
| 4 Bedrooms | $420K | $440K | +4.8% |
| 5+ Bedrooms | $610K | $659.9K | +8.2% |
Summary: Kennesaw housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Acworth | $391.8K | $410.4K | +4.8% |
| Acworth-Kennesaw | $415.2K | $434.9K | +4.7% |
| Kennesaw | $385.7K | $400K | +3.7% |
Housing Supply in Kennesaw, GA
How many homes are available in Kennesaw, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 467 | 526 | +12.6% |
Summary: The Kennesaw real estate market had 526 homes for sale in May 2024, a 12.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 30 | 42 | +40.0% |
| 3 Bedrooms | 208 | 210 | +1.0% |
| 4 Bedrooms | 139 | 165 | +18.7% |
| 5+ Bedrooms | 90 | 109 | +21.1% |
Summary: The Kennesaw housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 125 | -2.3% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennesaw, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in Kennesaw in May 2024, down by 2.3% month-over-month. Of the 123 sold homes, 54% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Kennesaw, GA
How long does it take to sell a home in Kennesaw, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +31.2% |
Summary: Homes in Kennesaw had an average of 31 days on market in May 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennesaw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 125 homes were sold in Kennesaw; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.