Is Kennesaw, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kennesaw has remained a Seller's Market.
Housing Prices in Kennesaw, GA
How much do homes in Kennesaw, GA cost?
Median Sold Price
$400,156
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kennesaw was $400,156 in March 2024, up 5.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $60.5K | - | N/A |
2 Bedrooms | $273.7K | $295K | +7.8% |
3 Bedrooms | $340.6K | $355K | +4.2% |
4 Bedrooms | $415K | $450K | +8.4% |
5+ Bedrooms | $574.2K | $662.4K | +15.4% |
Summary: Kennesaw housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Kennesaw | $380K | $400.1K | +5.3% |
Acworth | $385.4K | $404.7K | +5.0% |
Acworth-Kennesaw | $417.1K | $434.3K | +4.1% |
Housing Supply in Kennesaw, GA
How many homes are available in Kennesaw, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
364 | 398 | +9.3% |
Summary: The Kennesaw real estate market had 398 homes for sale in March 2024, a 9.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 21 | -4.5% |
3 Bedrooms | 163 | 185 | +13.5% |
4 Bedrooms | 112 | 116 | +3.6% |
5+ Bedrooms | 67 | 76 | +13.4% |
Summary: The Kennesaw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 87 | -21.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 87 homes were sold or pending in Kennesaw in March 2024, down by 21.6% month-over-month. Of the 86 sold homes, 44% were sold under asking, 31% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 26 Days | -18.9% |
Summary: Homes in Kennesaw had an average of 26 days on market in Mar 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 87 homes were sold in Kennesaw; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.