$3,859 Closing Credit*
$325,000
1,514 SqFt
2 Beds
•2 Full Baths
Beverly Knight, Listing Office: HomeTowne Realty Clayton East
Is Kenly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kenly was a Buyer's Market.
Key Takeaway
Kenly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenly, NC
How much do homes in Kenly, NC cost?
Median Sold Price
$302,450
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,450(+10.0%)
Key Takeaway
Homes in Kenly have sold for 10% more than they did a year ago.
Summary: The median home sold price in Kenly was $302,450 in October 2024, up 10% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $193.2K | $200K | +3.5% |
| 3 Bedrooms | $275K | $302.4K | +10.0% |
| 4 Bedrooms | $344.8K | $372K | +7.9% |
| 5+ Bedrooms | $440K | $485K | +10.2% |
Summary: Kenly housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Springhill Township | $239.9K | $265K | +10.5% |
| Kenly | $275K | $302.4K | +10.0% |
| Micro Township | $300.5K | $275K | -8.5% |
Housing Supply in Kenly, NC
How many homes are available in Kenly, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 51 | +6.3% |
Summary: The Kenly real estate market had 51 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 40 | 43 | +7.5% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kenly housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 18 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenly, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Kenly in October 2024, up by 200.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% were sold over asking.
Days on Market for Kenly, NC
How long does it take to sell a home in Kenly, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 47 Days | +27.6% |
Summary: Homes in Kenly had an average of 47 days on market in Oct 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kenly has remained consistent over time.
Summary: During October 2024, 18 homes were sold in Kenly; 39% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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