Is Kenmore, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Kenmore was a Neutral Market.
Housing Prices in Kenmore, NY
How much do homes in Kenmore, NY cost?
Median Sold Price
$240,406
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Kenmore was $240,406 in February 2024, up 2.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172.6K | $180K | +4.3% |
3 Bedrooms | $220K | $240K | +9.1% |
4 Bedrooms | $250K | $250K | 0.0% |
5+ Bedrooms | $251K | $275K | +9.6% |
Summary: Kenmore housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
Kenmore | $234.5K | $240.4K | +2.5% |
Buffalo | $224.9K | $226.7K | +0.8% |
Housing Supply in Kenmore, NY
How many homes are available in Kenmore, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 29 | -23.7% |
Summary: The Kenmore real estate market had 29 homes for sale in February 2024, a 23.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 23 | 19 | -17.4% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Kenmore 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 decreased by 75%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 10 | -44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Kenmore in February 2024, down by 44.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 0% were sold at asking, and 30% were sold over asking.
Days on Market for Kenmore, NY
How long does it take to sell a home in Kenmore, NY?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -6.0% |
Summary: Homes in Kenmore had an average of 15 days on market in Feb 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Kenmore; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.