Is Kenmore, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenmore is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Kenmore was a Neutral Market.

Key Takeaway

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

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

+$5,906(+2.5%)

Key Takeaway

Homes in Kenmore have sold for 2.5% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $172.6K$180K
+4.3%
3 $220K$240K
+9.1%
4 $250K$250K
0.0%
5+ $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
+2.5%
Buffalo
+0.8%

Housing Supply in Kenmore, NY

How many homes are available in Kenmore, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3829-23.7%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 2319
-17.4%
4 98
-11.1%
5+ 21
-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 2024Feb 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenmore, you may be able to get a good deal. 70% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
16 Days15 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Kenmore, NY

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