Is Kenmore, WA 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, 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, WA
How much do homes in Kenmore, WA cost?
Median Sold Price
$900,000
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kenmore have sold for 10% less than they did a year ago.
Summary: The median home sold price in Kenmore was $900,000 in March 2024, down 10% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $315K | -7.4% |
| 2 Bedrooms | $624.9K | $580.5K | -7.1% |
| 3 Bedrooms | $925K | $860K | -7.0% |
| 4 Bedrooms | $1.2M | $957K | -20.3% |
| 5+ Bedrooms | $1.4M | $1.4M | +1.7% |
Summary: Kenmore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Bothell | $974K | $1.0M | +4.9% |
| Seattle East | $1.1M | $1.1M | +4.0% |
| Lake Forest Park | $1.0M | $1.0M | 0.2% |
| Brier | $980K | $940K | -4.1% |
| Kenmore | $1.0M | $900K | -10.0% |
Housing Supply in Kenmore, WA
How many homes are available in Kenmore, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 76 | +10.1% |
Summary: The Kenmore real estate market had 76 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Kenmore housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenmore, you could pay more than the asking price. 44% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Kenmore in March 2024, up by 25.0% month-over-month. Of the 25 sold homes, 24% were sold under asking, 32% were sold at asking, and 44% were sold over asking.
Days on Market for Kenmore, WA
How long does it take to sell a home in Kenmore, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 26 Days | -29.4% |
Summary: Homes in Kenmore had an average of 26 days on market in Mar 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 March 2024, 25 homes were sold in Kenmore; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% 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 © 2024 Northwest MLS. All rights reserved.