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 October 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

$261,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,880(+1.9%)

Key Takeaway

Homes in Kenner have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Kenner was $261,500 in October 2024, up 1.9% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $101.7K$93.3K
-8.3%
2 $138.7K$143.5K
+3.4%
3 $243K$256.3K
+5.5%
4 $349.7K$344K
-1.6%
5+ $440K$474.5K
+7.8%

Summary: Kenner housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Kenner
+2.1%
Kenner
+1.9%
La Place
-0.3%
Metairie
-2.1%

Housing Supply in Kenner, LA

How many homes are available in Kenner, LA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
239242+1.3%

Summary: The Kenner real estate market had 242 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2729
+7.4%
3 125127
+1.6%
4 6360
-4.8%
5+ 2324
+4.3%

Summary: The Kenner housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4530-33.3%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 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. 80% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Kenner in October 2024, down by 33.3% month-over-month. Of the 30 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
43 Days68 Days+56.0%

Summary: Homes in Kenner had an average of 68 days on market in Oct 2024, up by 56% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kenner has remained consistent over time.

Summary: During October 2024, 30 homes were sold in Kenner; 30% of homes were sold within 30 days, 40% 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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