Is Kenmore, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Kenmore, WA cost?
Median Sold Price
$875,000
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Kenmore have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in Kenmore was $875,000 in August 2023, down 16.7% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $332.4K | +10.8% |
| 2 Bedrooms | $549.9K | $605K | +10.0% |
| 3 Bedrooms | $910K | $852K | -6.4% |
| 4 Bedrooms | $1.2M | $957.5K | -24.0% |
| 5+ Bedrooms | $1.4M | $1.3M | -2.8% |
Summary: Kenmore housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Bothell | $976.9K | $976.6K | 0% |
| Seattle East | $1.1M | $1.0M | -2.6% |
| Lake Forest Park | $1.0M | $950K | -5.0% |
| Brier | $972.5K | $909.8K | -6.4% |
| Kenmore | $1.0M | $875K | -16.7% |
Housing Supply
How many homes are available in Kenmore, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 88 | 79 | -10.2% |
Summary: The Kenmore real estate market had 79 homes for sale in August 2023, a 10.2% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 47 | 38 | -19.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Kenmore housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenmore, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Kenmore in August 2023, up by 24.1% month-over-month. Of the 36 sold homes, 31% were sold under asking, 28% were sold at asking, and 42% were sold over asking.
Days on Market
How long does it take to sell a home in Kenmore, WA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +6.6% |
Summary: Homes in Kenmore had an average of 18 days on market in Aug 2023, up by 6.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kenmore are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 36 homes were sold in Kenmore; 81% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.