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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kennedy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kennedy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kennedy, NY

How much do homes in Kennedy, NY cost?

Median Sold Price

$85,000

$59/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$77,500(-47.7%)

Key Takeaway

Homes in Kennedy have sold for 47.7% less than they did a month ago.

Summary: The median home sold price in Kennedy was $85,000 in November 2024, down 47.7% from last month, and the median price per square foot was $59.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $162.5K$85K
-47.7%
4 --
N/A
5+ --
N/A

Summary: Kennedy 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 did not change, 3 bedroom homes decreased by 47.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Poland
-38.9%
Kennedy
-47.7%

Housing Supply in Kennedy, NY

How many homes are available in Kennedy, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
64-33.3%

Summary: The Kennedy real estate market had 4 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 42
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Kennedy 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kennedy, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Kennedy in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Kennedy, NY

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

Average Sale Time

Oct 2024Nov 2024CHANGE
4 Days14 Days+250.0%

Summary: Homes in Kennedy had an average of 14 days on market in Nov 2024, up by 250% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Kennedy; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

Newest Listings in Kennedy, NY

Nearby Markets to Kennedy, NY