Is Kenly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kenly has remained a Seller's Market.
Housing Prices in Kenly, NC
How much do homes in Kenly, NC cost?
Median Sold Price
$276,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kenly was $276,000 in March 2024, up 10.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $202.6K | $197.5K | -2.6% |
3 Bedrooms | $250K | $276K | +10.4% |
4 Bedrooms | $320K | $396K | +23.8% |
5+ Bedrooms | $397.5K | - | N/A |
Summary: Kenly housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beulah Township | $249.9K | $277.4K | +11.0% |
Kenly | $250K | $276K | +10.4% |
Micro Township | $319.9K | $287.4K | -10.1% |
Housing Supply in Kenly, NC
How many homes are available in Kenly, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Summary: The Kenly real estate market had 31 homes for sale in March 2024, a 6.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kenly housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Kenly in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Kenly, NC
How long does it take to sell a home in Kenly, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
101 Days | 74 Days | -26.1% |
Summary: Homes in Kenly had an average of 74 days on market in Mar 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Kenly; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.