Is North Kenwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Kenwood is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Kenwood was a Seller's Market.

Key Takeaway

North Kenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Kenwood, IL

How much do homes in North Kenwood, IL cost?

Median Sold Price

$320,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$60,000(-15.8%)

Key Takeaway

Homes in North Kenwood have sold for 15.8% less than they did a year ago.

Summary: The median home sold price in North Kenwood was $320,000 in November 2024, down 15.8% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130.9K$183.7K
+40.3%
2 $247K$266.5K
+7.9%
3 $425K$376K
-11.5%
4 $367K$534.3K
+45.6%
5+ $640K$695K
+8.6%

Summary: North Kenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Neighborhoods

South Side
+5.5%
Oakland
+4.7%
Kenwood
+3.2%
North Kenwood
-15.8%

Housing Supply in North Kenwood, IL

How many homes are available in North Kenwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3438+11.8%

Summary: The North Kenwood real estate market had 38 homes for sale in November 2024, a 11.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1011
+10.0%
3 1110
-9.1%
4 48
+100.0%
5+ 66
0.0%

Summary: The North Kenwood 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 10%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Kenwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in North Kenwood in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Kenwood, IL

How long does it take to sell a home in North Kenwood, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
70 Days162 Days+132.0%

Summary: Homes in North Kenwood had an average of 162 days on market in Nov 2024, up by 132% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Kenwood has remained consistent over time.

Summary: During November 2024, 5 homes were sold in North Kenwood; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 21 Days Ago

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