Is Kenmore, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kenmore has remained a Seller's Market.
Key Takeaway
Kenmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenmore, OH
How much do homes in Kenmore, OH cost?
Median Sold Price
$95,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kenmore have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Kenmore was $95,000 in April 2024, up 14.8% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | - | N/A |
| 2 Bedrooms | $75K | $80K | +6.7% |
| 3 Bedrooms | $89.9K | $104K | +15.7% |
| 4 Bedrooms | $88.5K | $110K | +24.3% |
| 5+ Bedrooms | $75K | $105K | +40.0% |
Summary: Kenmore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Neighborhoods
| Rolling Acres | $73.7K | $105K | +42.5% |
| Kenmore | $82.7K | $95K | +14.8% |
| Firestone Park | $120K | $130K | +8.3% |
| Lane-Wooster | $76.9K | $79.4K | +3.3% |
Housing Supply in Kenmore, OH
How many homes are available in Kenmore, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The Kenmore real estate market had 60 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 15 | -25.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kenmore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenmore, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Kenmore in April 2024, down by 25.8% month-over-month. Of the 23 sold homes, 70% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for Kenmore, OH
How long does it take to sell a home in Kenmore, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.3% |
Summary: Homes in Kenmore had an average of 34 days on market in Apr 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenmore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in Kenmore; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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