Is North 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, North Kenwood has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $171.2K | +31.7% |
2 Bedrooms | $265K | $257.5K | -2.8% |
3 Bedrooms | $380K | $435K | +14.5% |
4 Bedrooms | $659.5K | $358.5K | -45.6% |
5+ Bedrooms | $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 | $334.9K | $385K | +15.0% |
Kenwood | $290K | $313.5K | +8.1% |
North Kenwood | $394.5K | $415K | +5.2% |
South Side | $266.1K | $261.2K | -1.9% |
Housing Supply in North Kenwood, IL
How many homes are available in North Kenwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 37 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 7 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
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.