$4,144 Closing Credit*
$349,000
1,849 SqFt
3 Beds
•1 Full Bath
Loren Johnston, Listing Office: Lewis & Clark Real Estate
Is Kenwood, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kenwood was a Neutral Market.
Key Takeaway
Kenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenwood, MN
How much do homes in Kenwood, MN cost?
Median Sold Price
$332,500
$164/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$90,500(+37.4%)
Key Takeaway
Homes in Kenwood have sold for 37.4% more than they did a month ago.
Summary: The median home sold price in Kenwood was $332,500 in November 2024, up 37.4% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $263.2K | $257K | -2.4% |
| 3 Bedrooms | $234K | $300K | +28.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $365K | N/A |
Summary: Kenwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 28.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Kenwood | $242K | $332.5K | +37.4% |
| Woodland | $262.5K | $300K | +14.3% |
| Chester Park | $308K | $325K | +5.5% |
| Hunter's Park | $400.5K | $305.5K | -23.7% |
Housing Supply in Kenwood, MN
How many homes are available in Kenwood, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Kenwood real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 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 decreased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kenwood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Kenwood in November 2024, up by 125.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Kenwood, MN
How long does it take to sell a home in Kenwood, MN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 52 Days | +46.9% |
Summary: Homes in Kenwood had an average of 52 days on market in Nov 2024, up by 46.9% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Kenwood; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
