Is Kenmore, WA 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 August 2021

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.

How much do homes in Kenmore, WA cost?

Median Sold Price

$1,050,000

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$250,013(+31.3%)

Key Takeaway

Homes in Kenmore have sold for 31.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $254.2K$300K
+18.0%
2 $425.5K$550K
+29.3%
3 $758.7K$915K
+20.6%
4 $854.6K$1.2M
+47.4%
5+ $1.0M$1.4M
+36.4%

Median Sold Price Compared To Nearby Cities

Kenmore
+31.3%
Bothell
+27.5%
Brier
+26.9%
Seattle East
+24.1%
Lake Forest Park
+23.7%

How many homes are available in Kenmore, WA?

Number of Homes For Sale

Jul 2022Aug 2022%
106113+6.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 44
0.0%
2 1116
+45.5%
3 2827
-3.6%
4 4246
+9.5%
5+ 2120
-4.8%

Number of Homes Sold

Jul 2022Aug 2022%
2526+4.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 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. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days17 Days+25.4%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

5 Homes Were 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.

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

About Kenmore, WA

Kenmore, WA has 113 homes on the market. Between July 2022 and August 2022, Kenmore, WA real estate market has seen increase in the number of listings by 6.6%. In August 2022, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $1,050,000. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 18%, the cost of 2 bedrooms properties went up by 29.3%, 3 bedrooms properties prices increased by 20.6%, prices of 4 bedrooms properties increased by 47.4%, 5 bedrooms properties became 36.4% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 45.5% more available, the quantity of 3 bedrooms homes went down by 3.6%, the quantity of 4 bedrooms homes went up by 9.5%, volume of 5 bedrooms homes went down by 4.8%. In August 2022 more than 8 listings in Kenmore, WA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 13 were sold below.

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