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 August 2022

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

How much do homes in Kenosha, WI cost?

Median Sold Price

$234,988

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$9,505(+4.2%)

Key Takeaway

Homes in Kenosha have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Kenosha was $234,988 in August 2023, up 4.2% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $130K$144.9K
+11.5%
2 $179.9K$191.1K
+6.3%
3 $235.9K$244.8K
+3.8%
4 $300K$300K
0.0%
5+ $398.7K$395K
-0.9%

Summary: Kenosha housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Kenosha
+4.2%
Pleasant Prairie
+2.8%
Somers
-5.2%

Housing Supply

How many homes are available in Kenosha, WI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
284294+3.5%

Summary: The Kenosha real estate market had 294 homes for sale in August 2023, a 3.5% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 54
-20.0%
2 5967
+13.6%
3 149163
+9.4%
4 5848
-17.2%
5+ 1312
-7.7%

Summary: The Kenosha housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
9594-1.1%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

49 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. 52.1% of homes here sold above asking price last month.

Summary: A total of 94 homes were sold or pending in Kenosha in August 2023, down by 1.1% month-over-month. Of the 94 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
24 Days16 Days-34.7%

Summary: Homes in Kenosha had an average of 16 days on market in Aug 2023, down by 34.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 August 2023, 94 homes were sold in Kenosha; 1% 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 26 Days Ago

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Nearby Markets

What housing markets are near Kenosha, WI?