Is Kenansville, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenansville is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Kenansville was a Buyer's Market.

Key Takeaway

Kenansville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kenansville, NC

How much do homes in Kenansville, NC cost?

Median Sold Price

$232,500

$152/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$12,500(+5.7%)

Key Takeaway

Homes in Kenansville have sold for 5.7% more than they did a month ago.

Summary: The median home sold price in Kenansville was $232,500 in February 2024, up 5.7% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $220K$235K
+6.8%
3 -$230K
N/A
4 --
N/A
5+ --
N/A

Summary: Kenansville housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kenansville, NC

How many homes are available in Kenansville, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
89+12.5%

Summary: The Kenansville real estate market had 9 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 22
0.0%
3 22
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Kenansville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenansville, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Kenansville in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Kenansville, NC

How long does it take to sell a home in Kenansville, NC?

Average Sale Time

Jan 2024Feb 2024CHANGE
3 Days21 Days+616.7%

Summary: Homes in Kenansville had an average of 21 days on market in Feb 2024, up by 616.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Kenansville; 50% of homes were sold within 30 days, 50% 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 28 Days Ago

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