Is Kenosha, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenosha is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kenosha, WI

How much do homes in Kenosha, WI cost?

Median Sold Price

$262,041

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,050(+9.2%)

Key Takeaway

Homes in Kenosha have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Kenosha was $262,041 in November 2024, up 9.2% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $137.4K$150K
+9.1%
2 $197K$219.9K
+11.6%
3 $250K$273.7K
+9.5%
4 $325K$350K
+7.7%
5+ $405K$477.5K
+17.9%

Summary: Kenosha housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

Somers
+23.4%
Kenosha
+9.2%
Pleasant Prairie
-0.5%

Housing Supply in Kenosha, WI

How many homes are available in Kenosha, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
276255-7.6%

Summary: The Kenosha real estate market had 255 homes for sale in November 2024, a 7.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 14
+300.0%
2 6055
-8.3%
3 144127
-11.8%
4 5956
-5.1%
5+ 1213
+8.3%

Summary: The Kenosha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9073-18.9%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenosha, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Kenosha in November 2024, down by 18.9% month-over-month. Of the 73 sold homes, 47% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Kenosha, WI

How long does it take to sell a home in Kenosha, WI?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days37 Days+33.0%

Summary: Homes in Kenosha had an average of 37 days on market in Nov 2024, up by 33% compared to last year.

Breakdown of Home Sale Times

2 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 Kenosha are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 73 homes were sold in Kenosha; 3% of homes were sold within 30 days, 3% 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 20 Days Ago

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