Is Kenilworth, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenilworth is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Kenilworth has remained a Seller's Market.

Key Takeaway

Kenilworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kenilworth, IL

How much do homes in Kenilworth, IL cost?

Median Sold Price

$1,600,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$357,500(-18.3%)

Key Takeaway

Homes in Kenilworth have sold for 18.3% less than they did a year ago.

Summary: The median home sold price in Kenilworth was $1,600,000 in March 2024, down 18.3% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $420K$490K
+16.7%
3 $1.0M$848.2K
-16.8%
4 $1.5M$1.4M
-1.9%
5+ $2.7M$2.3M
-13.6%

Summary: Kenilworth 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 16.7%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 13.6%.

Median Sold Price Compared To Nearby Cities

Winnetka
+12.4%
Wilmette
+10.8%
New Trier Township
+4.6%
Kenilworth
-18.3%

Housing Supply in Kenilworth, IL

How many homes are available in Kenilworth, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
14140.0%

Summary: The Kenilworth real estate market had 14 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 13
+200.0%
4 33
0.0%
5+ 98
-11.1%

Summary: The Kenilworth 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 100%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenilworth, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Kenilworth in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Kenilworth, IL

How long does it take to sell a home in Kenilworth, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days8 Days+36.8%

Summary: Homes in Kenilworth had an average of 8 days on market in Mar 2024, up by 36.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kenilworth are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Kenilworth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Kenilworth, IL

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