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 April 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

$250,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,930(+8.7%)

Key Takeaway

Homes in Kenosha have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Kenosha was $250,000 in April 2024, up 8.7% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140.9K$146K
+3.6%
2 $189.9K$207.5K
+9.3%
3 $240K$256.9K
+7.0%
4 $300K$317K
+5.7%
5+ $385K$425K
+10.4%

Summary: Kenosha housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Somers
+12.8%
Kenosha
+8.7%
Pleasant Prairie
-1.3%

Housing Supply in Kenosha, WI

How many homes are available in Kenosha, WI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
227247+8.8%

Summary: The Kenosha real estate market had 247 homes for sale in April 2024, a 8.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 4450
+13.6%
3 116126
+8.6%
4 5154
+5.9%
5+ 1314
+7.7%

Summary: The Kenosha 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 increased by 13.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8682-4.7%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

34 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 82 homes were sold or pending in Kenosha in April 2024, down by 4.7% month-over-month. Of the 82 sold homes, 44% were sold under asking, 15% 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?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days12 Days+500.0%

Summary: Homes in Kenosha had an average of 12 days on market in Apr 2024, up by 500% 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 April 2024, 82 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 12 Days Ago

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