Is Kenosha, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenosha is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Kenosha has remained a Seller's Market.

Key Takeaway

Kenosha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kenosha, WI

How much do homes in Kenosha, WI cost?

Median Sold Price

$245,493

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,118(+6.6%)

Key Takeaway

Homes in Kenosha have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Kenosha was $245,493 in February 2024, up 6.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $137K$142.9K
+4.3%
2 $189.4K$200.1K
+5.6%
3 $241.3K$255K
+5.7%
4 $300K$315.5K
+5.2%
5+ $370K$425K
+14.9%

Summary: Kenosha housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Somers
+9.2%
Kenosha
+6.6%
Pleasant Prairie
0.0%

Housing Supply in Kenosha, WI

How many homes are available in Kenosha, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
184198+7.6%

Summary: The Kenosha real estate market had 198 homes for sale in February 2024, a 7.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 4342
-2.3%
3 92103
+12.0%
4 4142
+2.4%
5+ 79
+28.6%

Summary: The Kenosha housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6541-36.9%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenosha, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Kenosha in February 2024, down by 36.9% month-over-month. Of the 41 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.

Days on Market for Kenosha, WI

How long does it take to sell a home in Kenosha, WI?

Average Sale Time

Feb 2023Feb 2024CHANGE
13 Days13 Days0.0%

Summary: Homes in Kenosha had an average of 13 days on market in Feb 2024, the same as last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kenosha are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 41 homes were sold in Kenosha; 5% 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.

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

Report Updated 18 Days Ago

Newest Listings in Kenosha, WI

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