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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenmore is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Kenmore was a Seller's Market.

Key Takeaway

Kenmore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Kenmore, OH

How much do homes in Kenmore, OH cost?

Median Sold Price

$101,600

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,633(+12.9%)

Key Takeaway

Homes in Kenmore have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Kenmore was $101,600 in November 2024, up 12.9% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $59.5K-
N/A
2 $78.5K$80K
+1.9%
3 $90K$115K
+27.8%
4 $102K$115K
+12.7%
5+ $101.7K$110K
+8.1%

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 increased by 1.9%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Neighborhoods

Rolling Acres
+44.5%
Lane-Wooster
+30.0%
Kenmore
+12.9%
Firestone Park
+12.5%
Summit Lake
+8.7%

Housing Supply in Kenmore, OH

How many homes are available in Kenmore, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7584+12.0%

Summary: The Kenmore real estate market had 84 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1920
+5.3%
3 3843
+13.2%
4 1316
+23.1%
5+ 54
-20.0%

Summary: The Kenmore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenmore, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Kenmore in November 2024, down by 38.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.

Days on Market for Kenmore, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days47 Days+106.8%

Summary: Homes in Kenmore had an average of 47 days on market in Nov 2024, up by 106.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kenmore has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Kenmore; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% 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 3 Days Ago

Newest Listings in Kenmore, OH

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