Is Kenhorst, PA 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, Kenhorst has remained a Seller's Market.
Key Takeaway
Kenhorst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenhorst, PA
How much do homes in Kenhorst, PA cost?
Median Sold Price
$212,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kenhorst have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Kenhorst was $212,500 in May 2024, down 2.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $153K | +5.5% |
| 2 Bedrooms | $199K | $193K | -3.0% |
| 3 Bedrooms | $213.7K | $220K | +2.9% |
| 4 Bedrooms | $254K | $229K | -9.9% |
| 5+ Bedrooms | - | $355K | N/A |
Summary: Kenhorst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Reading | $180K | $239.9K | +33.3% |
| Cumru Township | $230.1K | $265K | +15.2% |
| Kenhorst | $217.5K | $212.5K | -2.3% |
Housing Supply in Kenhorst, PA
How many homes are available in Kenhorst, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Kenhorst real estate market had 16 homes for sale in May 2024, a 6.7% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Kenhorst 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenhorst, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Kenhorst in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Kenhorst, PA
How long does it take to sell a home in Kenhorst, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 32 Days | +162.9% |
Summary: Homes in Kenhorst had an average of 32 days on market in May 2024, up by 162.9% compared to last year.
Breakdown of Home Sale Times
3 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 Kenhorst are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Kenhorst; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
