Is Kenmore, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenmore is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kenmore, NY

How much do homes in Kenmore, NY cost?

Median Sold Price

$250,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,250(+2.6%)

Key Takeaway

Homes in Kenmore have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Kenmore was $250,000 in November 2024, up 2.6% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $180.1K$179.5K
-0.3%
3 $240.7K$241.5K
0.3%
4 $250K$275K
+10.0%
5+ $275K$290K
+5.5%

Summary: Kenmore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Buffalo
+5.3%
Kenmore
+2.6%

Housing Supply in Kenmore, NY

How many homes are available in Kenmore, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6242-32.3%

Summary: The Kenmore real estate market had 42 homes for sale in November 2024, a 32.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 94
-55.6%
3 3424
-29.4%
4 109
-10.0%
5+ 95
-44.4%

Summary: The Kenmore 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 55.6%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 44.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenmore, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Kenmore in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 7% were sold under asking, 7% were sold at asking, and 86% were sold over asking.

Days on Market for Kenmore, NY

How long does it take to sell a home in Kenmore, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days11 Days-35.1%

Summary: Homes in Kenmore had an average of 11 days on market in Nov 2024, down by 35.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kenmore are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Kenmore; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Kenmore, NY

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