If you’ve been eyeing homes for sale in Kenmore, you might be wondering: is now really the right time to buy? With rising prices, evolving buyer demand, and shifting inventory levels, it’s a smart question to ask. The good news? The current Kenmore real estate market presents real opportunity—if you know what to look for.
Pricing Is Trending Up—But Still Within Reach
Median sale prices in Kenmore rose from $947,500 in December 2024 to $1,284,000 by July 2025, based on residential and condominium sales data from the Northwest Multiple Listing Service (NWMLS). That’s nearly a 36% increase in just seven months, showing that the local market is regaining strong upward momentum.
Third-party platforms also reflect these local trends. Redfin reports the median sale price in Kenmore at around $1.1M as of July 2025, with top-tier homes going under contract in roughly 10 days and a market competitiveness score of 89 out of 100.
Similarly, Zillow places Kenmore’s average home value at $1.048M, up 1.5% year over year based on its Home Value Index.
While this growth may sound intimidating, it actually signals long-term value. If you’re planning to hold the home for at least 5–7 years, buying now locks in today’s price before another possible jump in 2026. Plus, Kenmore’s consistent appeal—from its lakeside location to easy commuter access—means demand is likely to remain strong.
Inventory Is Building—But Still Tight
Let’s talk supply. Kenmore’s months of inventory (how long it would take to sell all current listings at the current pace) has climbed to 3.3 months in July 2025, up from just 0.8 months one year ago. That’s a sign the market is softening slightly, giving buyers more choice and negotiating leverage.
Similarly, active inventory peaked at 57 listings in June, then held steady at 52 in July. This means you’ll have a broader pool of options to choose from—without the extreme bidding wars of 2021–2022.
Homes Are Still Moving Fast (But Not Instantly)
Even with more homes on the market, well-prepared listings are still selling quickly. Median days on market for July 2025 is just 8 days, up slightly from earlier this spring—but still incredibly fast. This tells us that demand remains high, especially for homes priced and presented well.
If you’re buying, you need to be prepared to act quickly—but not recklessly. Having a clear budget, strategic offer terms, and a trusted agent (like Alina!) can help you move with confidence and avoid overpaying.
Buyer Leverage Is Growing
One of the most telling metrics? The ratio of homes for sale to homes sold. In July 2025, Kenmore saw 52 active listings and just 16 homes sold. That’s a 3:1 ratio, suggesting that not every home is flying off the market.
This opens the door for:
Contingent offers being accepted
Price reductions on stale listings
Negotiation wins like closing cost credits or inspection flexibility
If you’ve been waiting for a window to buy without overpaying or waiving all protections, this is it.
Should You Wait?
That depends on your goals. If you're buying with a long-term mindset—and you’re financially ready—waiting could cost more than it saves. As prices continue trending upward, buying now allows you to:
Lock in equity early
Avoid further price appreciation
Choose from more listings before inventory tightens again
Plus, interest rates may shift, but trying to time both rates and prices perfectly is rarely successful. A better approach? Buy the right home when you’re ready—and refinance if rates drop later.
Final Thoughts
The Kenmore real estate market is entering a rare phase of buyer opportunity with long-term upside. Inventory is up, competition is manageable, and prices—while rising—are still within reach compared to neighboring areas.
If you're considering buying in Kenmore, now is the time to plan strategically, move confidently, and partner with a local expert who knows how to navigate this unique market.
Connect with Alina Araujo to explore your options, tour available homes, and build a smart path to homeownership in Kenmore.
All local real estate data courtesy of NWMLS. Figures reflect residential and condo sales activity in Kenmore through July 2025.
