Is Kenmore, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kenmore has remained a Seller's Market.
Housing Prices in Kenmore, WA
How much do homes in Kenmore, WA cost?
Median Sold Price
$939,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kenmore was $939,000 in May 2024, down 0.6% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $304.9K | $332.5K | +9.0% |
2 Bedrooms | $622.4K | $600K | -3.6% |
3 Bedrooms | $858.5K | $925K | +7.7% |
4 Bedrooms | $1.1M | $991.5K | -9.9% |
5+ Bedrooms | $1.4M | $1.5M | +9.1% |
Summary: Kenmore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Lake Forest Park | $900K | $1.0M | +12.2% |
Seattle East | $1.0M | $1.2M | +12.2% |
Bothell | $949.3K | $1.0M | +12.0% |
Brier | $945K | $940K | -0.5% |
Kenmore | $945K | $939K | -0.6% |
Housing Supply in Kenmore, WA
How many homes are available in Kenmore, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 87 | +8.8% |
Summary: The Kenmore real estate market had 87 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Kenmore housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 29 | -12.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Kenmore in May 2024, down by 12.1% month-over-month. Of the 29 sold homes, 7% were sold under asking, 34% were sold at asking, and 59% were sold over asking.
Days on Market for Kenmore, WA
How long does it take to sell a home in Kenmore, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 12 Days | -56.8% |
Summary: Homes in Kenmore had an average of 12 days on market in May 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Kenmore; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.