Is Kennesaw, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Kennesaw has remained a Seller's Market.
Key Takeaway
Kennesaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennesaw, GA
How much do homes in Kennesaw, GA cost?
Median Sold Price
$399,967
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Kennesaw have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Kennesaw was $399,967 in November 2023, up 15.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256K | $290K | +13.3% |
| 3 Bedrooms | $333K | $351.8K | +5.7% |
| 4 Bedrooms | $400K | $435K | +8.8% |
| 5+ Bedrooms | $515K | $665K | +29.1% |
Summary: Kennesaw housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 29.1%.
Median Sold Price Compared To Nearby Cities
| Kennesaw | $347.3K | $399.9K | +15.2% |
| Acworth | $356K | $400.6K | +12.5% |
| Acworth-Kennesaw | $409.9K | $429.7K | +4.8% |
Housing Supply in Kennesaw, GA
How many homes are available in Kennesaw, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 338 | 326 | -3.6% |
Summary: The Kennesaw real estate market had 326 homes for sale in November 2023, a 3.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 158 | 150 | -5.1% |
| 4 Bedrooms | 86 | 87 | +1.2% |
| 5+ Bedrooms | 72 | 61 | -15.3% |
Summary: The Kennesaw housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 15.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 99 | 83 | -16.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennesaw, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Kennesaw in November 2023, down by 16.2% month-over-month. Of the 82 sold homes, 49% were sold under asking, 32% were sold at asking, and 20% were sold over asking.
Days on Market for Kennesaw, GA
How long does it take to sell a home in Kennesaw, GA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +11.1% |
Summary: Homes in Kennesaw had an average of 22 days on market in Nov 2023, up by 11.1% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennesaw are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 83 homes were sold in Kennesaw; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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