Kenilworth, NJ, is located in the heart of Union County and is home to nearly 8000 people.
Harding Elementary School holds students from Pre-K to sixth grade, David Brearley Middle School holds grades 7 and 8 and David Brearley High School holds students in grades 9-12 from Kenilworth and Winfield Township. Kenilworth also has St. Theresa’s which is a Roman Catholic elementary school.
There are currently 31 homes listed for sale in Kenilworth. Five homes were sold in September while 10 homes were sold in August.
The average sale price of a home in Kenilworth in September was $363,539, very close to where it has been nearly all year and significantly higher than where it was in September of 2012.
A Months of Supply of 5 months is considered average – buyers and sellers are about equal in the area and homes are being bought at about the same rate that they are being put on the market.
A Months of Supply of less than 5 months is what real estate professionals often call a “seller’s market.” This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices.
A Months of Supply of greater than 5 months is what real estate professionals call a “buyer’s market.” This means that there are more sellers than buyers in the area and homes are sitting unsold for a while. Typically, this decreases prices.
Kenilworth currently has 4.2 months of inventory, making this a weak seller’s market.
If you’re interested in purchasing a home in Kenilworth or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you’re planning to sell your Kenilworth home, please call us at 908-917-4189 for a free comparative market analysis of your home.
For more information on Kenilworth Real Estate:
- Kenilworth Real Estate Market Report – August, 2013 – 08/15/13
- Kenilworth Months of Supply – 07/11/13
- Sell my Kenilworth home! – 06/24/13
- Real Estate Market Report for Kenilworth, NJ for April, 2013 – 05/19/13
- Kenilworth Real Estate Market Report – January-March, 2013 – 04/20/13
- How long will my Union County home be on the market? – 02/24/13
- Kenilworth Real Estate Market – 2012 in Review – 01/05/13
- Kenilworth Marketing Report – 02/20/12