Is Kenilworth, NJ 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, Kenilworth has remained a Seller's Market.
Key Takeaway
Kenilworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenilworth, NJ
How much do homes in Kenilworth, NJ cost?
Median Sold Price
$580,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kenilworth have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Kenilworth was $580,000 in March 2024, up 19.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $370K | $432.5K | +16.9% |
| 3 Bedrooms | $451.5K | $495K | +9.6% |
| 4 Bedrooms | $535K | $622.5K | +16.4% |
| 5+ Bedrooms | $535K | $782.5K | +46.3% |
Summary: Kenilworth 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 increased by 16.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 46.3%.
Median Sold Price Compared To Nearby Cities
| Kenilworth | $485K | $580K | +19.6% |
| Cranford Township | $615K | $675K | +9.8% |
| Union | $476.8K | $520K | +9.1% |
| Union Township | $475.3K | $515.5K | +8.4% |
| Roselle Park | $450.5K | $486K | +7.9% |
Housing Supply in Kenilworth, NJ
How many homes are available in Kenilworth, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Kenilworth real estate market had 19 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kenilworth 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 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenilworth, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Kenilworth in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Kenilworth, NJ
How long does it take to sell a home in Kenilworth, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 69 Days | -6.8% |
Summary: Homes in Kenilworth had an average of 69 days on market in Mar 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kenilworth has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Kenilworth; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.