$7,113 Closing Credit*
$599,000
3 Beds
•2 Full Baths
Listing Office: MICHELLE DAVID REALTY GROUP
Is Kenilworth, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kenilworth has remained a Seller's Market.
Key Takeaway
Kenilworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenilworth, NJ
How much do homes in Kenilworth, NJ cost?
Median Sold Price
$575,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+6.0%)
Key Takeaway
Homes in Kenilworth have sold for 6% more than they did a year ago.
Summary: The median home sold price in Kenilworth was $575,000 in October 2024, up 6% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $212K | N/A |
| 2 Bedrooms | $370K | $400K | +8.1% |
| 3 Bedrooms | $465K | $500K | +7.5% |
| 4 Bedrooms | $615K | $602.5K | -2.0% |
| 5+ Bedrooms | $696.7K | $900K | +29.2% |
Summary: Kenilworth 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 8.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Cranford Township | $660K | $739K | +12.0% |
| Union | $505.3K | $550K | +8.8% |
| Union Township | $503K | $541.6K | +7.7% |
| Kenilworth | $542.5K | $575K | +6.0% |
| Roselle Park | $480K | $500K | +4.2% |
Housing Supply in Kenilworth, NJ
How many homes are available in Kenilworth, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Kenilworth real estate market had 27 homes for sale in October 2024, a 28.6% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Kenilworth 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 increased by 50%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenilworth, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Kenilworth in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Kenilworth, NJ
We’re sorry, we don't have information for this market at the moment
