Is Kenwood, IL 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, Kenwood has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $120K | +0.8% |
2 Bedrooms | $195K | $200K | +2.6% |
3 Bedrooms | $333.7K | $349.5K | +4.7% |
4 Bedrooms | $657K | $440K | -33.0% |
5+ Bedrooms | $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 | $334.9K | $385K | +15.0% |
Hyde Park | $223.1K | $255K | +14.3% |
Kenwood | $290K | $313.5K | +8.1% |
North Kenwood | $394.5K | $415K | +5.2% |
South Side | $266.1K | $261.2K | -1.9% |
Housing Supply in Kenwood, IL
How many homes are available in Kenwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 87 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 18 | 27 | +50.0% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 8 | 5 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 52 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
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.