Is Kenvil, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenvil is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Kenvil has remained a Seller's Market.

Key Takeaway

Kenvil is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kenvil, NJ

How much do homes in Kenvil, NJ cost?

Median Sold Price

$475,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+4.4%)

Key Takeaway

Homes in Kenvil have sold for 4.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$135K
N/A
2 $367.5K$420K
+14.3%
3 $480K$485K
+1.0%
4 $440.5K$507.5K
+15.2%
5+ --
N/A

Summary: Kenvil 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 14.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ledgewood
+17.1%
Roxbury Township
+11.3%
Kenvil
+4.4%

Housing Supply in Kenvil, NJ

How many homes are available in Kenvil, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
68+33.3%

Summary: The Kenvil real estate market had 8 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 24
+100.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Kenvil 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenvil, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Kenvil in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Kenvil, NJ

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Kenvil, NJ

Nearby Markets to Kenvil, NJ

What housing markets are near Kenvil, NJ?