If you’re thinking of buying or selling a home in Kenilworth, one of the first steps you should take is to study the market conditions so that you understand how real estate is valued in Kenilworth. Here’s a good place to start.
Inventory: There are currently 37 homes offered for sale in Kenilworth ranging in price from $144,900 to $625,000 with an average list price of $338,743. You can browse them all by clicking here.
The inventory in Kenilworth is a little low for spring. There were 41 homes on the market in April of 2013 and 44 homes on the market in April of 2012.
Prices: The average sale price in Kenilworth in April was $399,143, 20% higher than the average over the last 12 months. This could be due to the lower inventory. Buyers typically come out in large numbers in the spring, and Kenilworth’s inventory isn’t quite up to its normal spring levels. High demand with low inventory typically produces high prices.
Length of time to sell: Last month, we reported a slowdown in the rate of sales. The average home that sold in March sold after 153 days – significantly slower than any month in the past 18. April more than made up for it with the average home selling after only 53 days on the market. Nearly always, spring sees a shorter time on the market and this year is definitely no exception. Buyers who are ready to buy need to act fast to be sure to get the home they want!
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:
- What’s Up in Kenilworth’s Real Estate Market? April 18, 2014
- Kenilworth Prices Remain Steady – 3/8/2014
- Prices Up in Kenilworth – 2/8/2014
- How are Prices in Kenilworth’s Real Estate Market? – 1/18/2014
- The Kenilworth Real Estate Market Report – 12/14/13
- 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