Is Kenner, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Kenner was a Seller's Market.
Key Takeaway
Kenner is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kenner, LA
How much do homes in Kenner, LA cost?
Median Sold Price
$265,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kenner have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Kenner was $265,000 in March 2024, up 5.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.2K | $129.8K | +13.7% |
| 2 Bedrooms | $145K | $134.2K | -7.4% |
| 3 Bedrooms | $244K | $250K | +2.5% |
| 4 Bedrooms | $328K | $347.7K | +6.0% |
| 5+ Bedrooms | $415K | $432.5K | +4.2% |
Summary: Kenner housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Kenner | $250K | $265K | +6.0% |
| Kenner | $250.4K | $265K | +5.8% |
| Metairie | $308.1K | $310.1K | +0.6% |
| Saint Rose | $240K | $235K | -2.1% |
Housing Supply in Kenner, LA
How many homes are available in Kenner, LA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 176 | 208 | +18.2% |
Summary: The Kenner real estate market had 208 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 81 | 93 | +14.8% |
| 4 Bedrooms | 55 | 62 | +12.7% |
| 5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The Kenner housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenner, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Kenner in March 2024, up by 6.3% month-over-month. Of the 34 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for Kenner, LA
How long does it take to sell a home in Kenner, LA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -6.1% |
Summary: Homes in Kenner had an average of 37 days on market in Mar 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenner are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in Kenner; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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