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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Kenwood is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in North Kenwood, IL

How much do homes in North Kenwood, IL cost?

Median Sold Price

$415,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,500(+5.2%)

Key Takeaway

Homes in North Kenwood have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in North Kenwood was $415,000 in April 2024, up 5.2% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $130K$171.2K
+31.7%
2 $265K$257.5K
-2.8%
3 $380K$435K
+14.5%
4 $659.5K$358.5K
-45.6%
5+ $532.5K$705K
+32.4%

Summary: North Kenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 45.6%, and 5+ bedroom homes increased by 32.4%.

Median Sold Price Compared To Nearby Neighborhoods

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

Housing Supply in North Kenwood, IL

How many homes are available in North Kenwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2937+27.6%

Summary: The North Kenwood real estate market had 37 homes for sale in April 2024, a 27.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 610
+66.7%
3 1619
+18.8%
4 46
+50.0%
5+ 11
0.0%

Summary: The North Kenwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Kenwood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in North Kenwood in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for North Kenwood, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
70 Days7 Days-89.5%

Summary: Homes in North Kenwood had an average of 7 days on market in Apr 2024, down by 89.5% 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 North Kenwood are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in North Kenwood; 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 3 Days Ago

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