Is Kenly, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kenly has remained a Seller's Market.
Key Takeaway
Kenly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kenly, NC
How much do homes in Kenly, NC cost?
Median Sold Price
$285,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kenly have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Kenly was $285,000 in April 2024, up 13.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202.6K | $200K | -1.3% |
| 3 Bedrooms | $252K | $285K | +13.1% |
| 4 Bedrooms | $349.9K | $410K | +17.2% |
| 5+ Bedrooms | $397.5K | - | N/A |
Summary: Kenly housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kenly | $252K | $285K | +13.1% |
| Beulah Township | $252K | $272.4K | +8.1% |
| Micro Township | $316.7K | $285K | -10.0% |
Housing Supply in Kenly, NC
How many homes are available in Kenly, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Kenly real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kenly housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kenly, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Kenly in April 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Kenly, NC
How long does it take to sell a home in Kenly, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 133 Days | 47 Days | -64.6% |
Summary: Homes in Kenly had an average of 47 days on market in Apr 2024, down by 64.6% compared to last year.
Breakdown of Home Sale Times
5 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 Kenly are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Kenly; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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