Is Kenhorst, PA 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, Kenhorst has remained a Seller's Market.
Key Takeaway
Kenhorst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenhorst, PA
How much do homes in Kenhorst, PA cost?
Median Sold Price
$210,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kenhorst have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Kenhorst was $210,000 in March 2024, down 3.7% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $153K | +5.5% |
| 2 Bedrooms | $200K | $193K | -3.5% |
| 3 Bedrooms | $220K | $215K | -2.3% |
| 4 Bedrooms | $257K | $231K | -10.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Kenhorst housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Reading | $150K | $234.4K | +56.3% |
| Cumru Township | $230K | $265K | +15.2% |
| Kenhorst | $218K | $210K | -3.7% |
Housing Supply in Kenhorst, PA
How many homes are available in Kenhorst, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Summary: The Kenhorst real estate market had 13 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kenhorst 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 increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenhorst, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Kenhorst in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Kenhorst, PA
How long does it take to sell a home in Kenhorst, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 8 Days | -81.5% |
Summary: Homes in Kenhorst had an average of 8 days on market in Mar 2024, down by 81.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kenhorst are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Kenhorst; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
