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 March 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

$249,920

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,925(+8.2%)

Key Takeaway

Homes in Kenosha have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Kenosha was $249,920 in March 2024, up 8.2% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $140.9K$139.9K
-0.7%
2 $189.9K$204.7K
+7.8%
3 $243K$255.6K
+5.2%
4 $300K$328.5K
+9.5%
5+ $380K$425K
+11.8%

Summary: Kenosha housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Cities

Somers
+13.2%
Kenosha
+8.2%
Pleasant Prairie
-1.3%

Housing Supply in Kenosha, WI

How many homes are available in Kenosha, WI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
199240+20.6%

Summary: The Kenosha real estate market had 240 homes for sale in March 2024, a 20.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 4146
+12.2%
3 106127
+19.8%
4 4151
+24.4%
5+ 913
+44.4%

Summary: The Kenosha housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 44.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4973+49.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenosha, you could pay more than the asking price. 41.1% of homes here sold above asking price last month.

Summary: A total of 73 homes were sold or pending in Kenosha in March 2024, up by 49.0% month-over-month. Of the 73 sold homes, 36% were sold under asking, 23% were sold at asking, and 41% were sold over asking.

Days on Market for Kenosha, WI

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

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kenosha has remained consistent over time.

Summary: During March 2024, 73 homes were sold in Kenosha; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 1% 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 15 Days Ago

Newest Listings in Kenosha, WI

Nearby Markets to Kenosha, WI

What housing markets are near Kenosha, WI?