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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenwood is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Kenwood has remained a Buyer's Market.

Key Takeaway

Kenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kenwood, IL

How much do homes in Kenwood, IL cost?

Median Sold Price

$313,500

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,500(+8.1%)

Key Takeaway

Homes in Kenwood have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Kenwood was $313,500 in April 2024, up 8.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $119K$120K
+0.8%
2 $195K$200K
+2.6%
3 $333.7K$349.5K
+4.7%
4 $657K$440K
-33.0%
5+ $847.5K$987.5K
+16.5%

Summary: Kenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 33%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Neighborhoods

Oakland
+15.0%
Hyde Park
+14.3%
Kenwood
+8.1%
North Kenwood
+5.2%
South Side
-1.9%

Housing Supply in Kenwood, IL

How many homes are available in Kenwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7487+17.6%

Summary: The Kenwood real estate market had 87 homes for sale in April 2024, a 17.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1111
0.0%
2 1827
+50.0%
3 2932
+10.3%
4 812
+50.0%
5+ 85
-37.5%

Summary: The Kenwood 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 10.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenwood, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Kenwood in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Kenwood, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
68 Days52 Days-22.7%

Summary: Homes in Kenwood had an average of 52 days on market in Apr 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 9 homes were sold in Kenwood; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

Newest Listings in Kenwood, IL

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