Is Kennesaw, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kennesaw is a seller's market

Buyer's
Market

Difference Since November 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

$400,750

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$839(+0.2%)

Key Takeaway

The sold price of homes in Kennesaw has remained the same since last year.

Summary: The median home sold price in Kennesaw was $400,750 in November 2024, up 0.2% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $290K$295K
+1.7%
3 $352K$362.9K
+3.1%
4 $435K$447.4K
+2.9%
5+ $650.1K$649.7K
-0.1%

Summary: Kennesaw housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Acworth
+2.9%
Acworth-Kennesaw
+1.1%
Kennesaw
0.2%

Housing Supply in Kennesaw, GA

How many homes are available in Kennesaw, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
501492-1.8%

Summary: The Kennesaw real estate market had 492 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3441
+20.6%
3 231229
-0.9%
4 135124
-8.1%
5+ 10198
-3.0%

Summary: The Kennesaw housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12299-18.9%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kennesaw, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Kennesaw in November 2024, down by 18.9% month-over-month. Of the 94 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
23 Days53 Days+124.1%

Summary: Homes in Kennesaw had an average of 53 days on market in Nov 2024, up by 124.1% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kennesaw are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 99 homes were sold in Kennesaw; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Kennesaw, GA

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