Is Kennesaw, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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
$400,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kennesaw have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Kennesaw was $400,000 in April 2024, up 4.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | - | N/A |
| 2 Bedrooms | $279K | $295K | +5.7% |
| 3 Bedrooms | $340K | $356K | +4.7% |
| 4 Bedrooms | $415K | $449.6K | +8.4% |
| 5+ Bedrooms | $575K | $669.9K | +16.5% |
Summary: Kennesaw housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Acworth | $385K | $408.8K | +6.2% |
| Kennesaw | $381.9K | $400K | +4.7% |
| Acworth-Kennesaw | $415.4K | $434.9K | +4.7% |
Housing Supply in Kennesaw, GA
How many homes are available in Kennesaw, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 391 | 476 | +21.7% |
Summary: The Kennesaw real estate market had 476 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 30 | +50.0% |
| 3 Bedrooms | 186 | 208 | +11.8% |
| 4 Bedrooms | 112 | 144 | +28.6% |
| 5+ Bedrooms | 73 | 94 | +28.8% |
Summary: The Kennesaw housing inventory by bedroom type for April 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 11.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 28.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 111 | +19.4% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennesaw, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 111 homes were sold or pending in Kennesaw in April 2024, up by 19.4% month-over-month. Of the 106 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -7.9% |
Summary: Homes in Kennesaw had an average of 26 days on market in Apr 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 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 April 2024, 111 homes were sold in Kennesaw; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.