Is Kenner, LA 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, Kenner was a Seller's Market.
Key Takeaway
Kenner is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kenner, LA
How much do homes in Kenner, LA cost?
Median Sold Price
$265,022
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kenner have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Kenner was $265,022 in May 2024, up 6.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.2K | $93.3K | -18.3% |
| 2 Bedrooms | $145K | $129.9K | -10.4% |
| 3 Bedrooms | $240K | $250K | +4.2% |
| 4 Bedrooms | $323.5K | $352.5K | +9.0% |
| 5+ Bedrooms | $430K | $450K | +4.7% |
Summary: Kenner housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Kenner | $245K | $265K | +8.2% |
| Kenner | $249K | $265K | +6.4% |
| Metairie | $306.8K | $314.1K | +2.4% |
| Saint Rose | $239.9K | $226K | -5.8% |
Housing Supply in Kenner, LA
How many homes are available in Kenner, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 200 | 233 | +16.5% |
Summary: The Kenner real estate market had 233 homes for sale in May 2024, a 16.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 81 | 101 | +24.7% |
| 4 Bedrooms | 66 | 69 | +4.5% |
| 5+ Bedrooms | 32 | 40 | +25.0% |
Summary: The Kenner 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 10%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenner, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Kenner in May 2024, up by 2.7% month-over-month. Of the 38 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for Kenner, LA
How long does it take to sell a home in Kenner, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 47 Days | +20.6% |
Summary: Homes in Kenner had an average of 47 days on market in May 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenner are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Kenner; 42% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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