Is Kenly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kenly has remained a Seller's Market.
Key Takeaway
Kenly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenly, NC
How much do homes in Kenly, NC cost?
Median Sold Price
$289,900
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kenly have sold for 15% more than they did a year ago.
Summary: The median home sold price in Kenly was $289,900 in May 2024, up 15% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205.3K | $200K | -2.6% |
| 3 Bedrooms | $252K | $285K | +13.1% |
| 4 Bedrooms | $379.9K | $410K | +7.9% |
| 5+ Bedrooms | $397.5K | - | N/A |
Summary: Kenly housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Beulah Township | $255K | $301.5K | +18.2% |
| Kenly | $252K | $289.9K | +15.0% |
| Springhill Township | $240K | $255K | +6.3% |
| Micro Township | $311.7K | $285K | -8.6% |
Housing Supply in Kenly, NC
How many homes are available in Kenly, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 54 | +10.2% |
Summary: The Kenly real estate market had 54 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kenly housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenly, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Kenly in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Kenly, NC
How long does it take to sell a home in Kenly, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 99 Days | 32 Days | -67.5% |
Summary: Homes in Kenly had an average of 32 days on market in May 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kenly are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Kenly; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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