A Homesnap report for June, 2017…
Kennedale is a small city in Texas with a median income of $56,777 per household. Besides being very affluent, its population is younger than others with a median age of 38 years. {{more:Read More …}}The Kennedale market is almost exclusively made up of detached houses, which currently account for 93% of the homes for sale in the area.[Note: This report includes areas outside of the Kennedale City limits but in the 76060 area code.]
Price Range …
Homes in Kennedale are generally more expensive than others in the state with a median home value of $136,300 and an average list price of $295,982.
Typical Dwelling …
The typical dwelling in Kennedale is a four-bedroom detached home worth about $323,649. To purchase a similar home, a buyer with good credit and a $64,730 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,639 monthly payment. The property tax rate is $19.87 per $1,000 of taxable assessed value.The market …
The Kennedale real estate market is healthy. The median list price is $309,510 and the average home has been on the market for 195 days. In the past month, there have been 25 real estate transactions in Kennedale, with a median sale price of $263,900. The recent sales activity in Kennedale represents a +20.0% change over the prior month.
There are currently 58 Kennedale homes for sale, which equals about 2.3 months of inventory. There are 41 detached homes for sale, 2 townhouses for sale, and zero condos for sale. In the past 30 days, there have been 23 new listings in Kennedale, 11 price changes, 9 new contracts, and 25 home sales.
Over the last 30 days, the Kennedale market was solid with 17 homes sold, a 6.2% increase from last week’s report. To put it in perspective, close-by Fort Worth registered 1,096 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Kennedale, with the median for this period rising from $226,900 to $272,580. The rising sales and a low three months of inventory point to Kennedale being a seller’s market.
Comments are closed.