Is Kennydale, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kennydale is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kennydale, WA

How much do homes in Kennydale, WA cost?

Median Sold Price

$980,000

$465/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$80,000(+8.9%)

Key Takeaway

Homes in Kennydale have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Kennydale was $980,000 in November 2024, up 8.9% from last year, and the median price per square foot was $465.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $894K-
N/A
2 $530K$440K
-17.0%
3 $730K$854.5K
+17.1%
4 $982K$1.0M
+3.9%
5+ $1.0M$1.7M
+66.2%

Summary: Kennydale 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 17%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 66.2%.

Housing Supply in Kennydale, WA

How many homes are available in Kennydale, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3123-25.8%

Summary: The Kennydale real estate market had 23 homes for sale in November 2024, a 25.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 87
-12.5%
4 148
-42.9%
5+ 75
-28.6%

Summary: The Kennydale 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 increased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kennydale, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Kennydale in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.

Days on Market for Kennydale, WA

How long does it take to sell a home in Kennydale, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days16 Days-74.7%

Summary: Homes in Kennydale had an average of 16 days on market in Nov 2024, down by 74.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Kennydale; 71% of homes were sold within 30 days, 29% 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 2 Days Ago

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