Is Kenner, LA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenner is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kenner, LA

How much do homes in Kenner, LA cost?

Median Sold Price

$264,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,952(+2.3%)

Key Takeaway

Homes in Kenner have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Kenner was $264,000 in November 2024, up 2.3% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K$93.3K
+3.7%
2 $138K$145.5K
+5.4%
3 $249K$255K
+2.4%
4 $349.5K$350K
0.1%
5+ $435K$470K
+8.0%

Summary: Kenner housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

Kenner
+2.3%
Kenner
+2.2%
Saint Rose
0.4%
Metairie
-1.2%

Housing Supply in Kenner, LA

How many homes are available in Kenner, LA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
224228+1.8%

Summary: The Kenner real estate market had 228 homes for sale in November 2024, a 1.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2826
-7.1%
3 117118
+0.9%
4 5759
+3.5%
5+ 2023
+15.0%

Summary: The Kenner 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 decreased by 7.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3523-34.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenner, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Kenner in November 2024, down by 34.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
27 Days67 Days+147.1%

Summary: Homes in Kenner had an average of 67 days on market in Nov 2024, up by 147.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 23 homes were sold in Kenner; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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

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