Is Kennydale, 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, Kennydale has remained a Seller's Market.
Key Takeaway
Kennydale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennydale, WA
How much do homes in Kennydale, WA cost?
Median Sold Price
$899,900
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kennydale have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Kennydale was $899,900 in March 2024, down 1.1% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $894K | +155.4% |
| 2 Bedrooms | $424.7K | $470K | +10.7% |
| 3 Bedrooms | $757.5K | $800K | +5.6% |
| 4 Bedrooms | $1.2M | $929.9K | -23.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.2% |
Summary: Kennydale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155.4%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes increased by 8.2%.
Housing Supply in Kennydale, WA
How many homes are available in Kennydale, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Kennydale real estate market had 33 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 14 | +133.3% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Kennydale 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 decreased by 50%, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennydale, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Kennydale in March 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Kennydale, WA
How long does it take to sell a home in Kennydale, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +104.3% |
Summary: Homes in Kennydale had an average of 33 days on market in Mar 2024, up by 104.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennydale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Kennydale; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% 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.