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Kenmore Real Estate Market Update – January 2025
Kenmore continues to be a rapidly growing real estate market, offering spacious homes, great schools, and convenient access to Seattle and the Eastside. The median sales price for January 2025 was $1,600,000, reflecting a significant increase from $948,000 in December and $1,200,000 a year ago. This surge in home prices highlights Kenmore’s increasing desirability and strong market conditions.

So, what can you buy for that amount in Kenmore? A great example is this multi-level home on Finn Hill, featuring 3,500 sq ft, 5 bedrooms, built in 2015, which sold last month for $1,600,000—matching the median price exactly. This sale demonstrates the strong demand for larger homes in premium neighborhoods.

📊 Key Market Insights for Kenmore – January 2025
Median Sales Price: $1,600,000 (up sharply from $948,000 in December and $1,200,000 a year ago).
Price per Square Foot: $563 (up from $530 in December and $519 one year ago).
Pending Sales: 5 (down from 10 in December and 16 a year ago, indicating a slight slowdown in buyer activity).
Sold Price-to-List Price Ratio: 96% (homes are selling slightly below asking price on average).
Average Days on Market: 71 days (showing a longer time on market, possibly due to higher price points and limited buyer pool).
Absorption Rate: 1.5 months (meaning at the current sales pace, it would take about a month and a half to sell all available homes).
🏡 What This Means for Buyers & Sellers
✅ For Buyers: While prices have increased, the market is showing signs of stabilizing with fewer pending sales and homes taking longer to sell. This could be a good time to negotiate and find deals before the spring market heats up.

✅ For Sellers: Kenmore home values have risen significantly, but longer market times and a lower list-to-sale price ratio indicate that strategic pricing is crucial. Sellers should be prepared to price competitively and market their homes effectively to attract the right buyers.

📞 Contact Me for Expert Real Estate Advice
📍 Chris Byler – Windermere Real Estate
🏡 Local Neighborhood Expert
📧 [email protected]
📱 206-601-8945

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