Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Kenly
November 1, 2026
(910) 395‑1000 · buddyblake.com
Kenly: one in four listings ended without a sale this year
Over the last 12 months in Kenly, 1 in 4 listings ended without selling, up from 11% the year before. Of 80 listings that ended, 62 sold, and the typical home sold in 44 days at a median price of $296,400.
Summary written November 1, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in Kenly over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 35 days. Needed price cuts: 52 days, and sold for 92.5% of the first price.
What waiting costs
| Property taxes | $128 |
| Homeowners insurance | $250 |
| Upkeep | $247 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $874 + mortgage |
About $874 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 164 days — roughly $4,703 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Johnston County rate 0.52 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.
When contracts fall apart
Contracts that fell apart
13%
9 of about 69 before closing
Those homes that later sold
67%
33% never sold
Sold vs. first ask after a fall-through
96.9%
vs. 97.4% on the first contract
Days to sell after a fall-through
72
vs. 42 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 45% · cash 10% · VA 10% · FHA 30%.
If you're selling
- Price it right on day one. Listings priced right from the start had a median of 35 days to sell.
- Listings that needed price cuts took a median of 56 days, and those that sold typically brought 92.7% of asking.
- Stay out of the $300–400K range if you can. It had the highest share that didn't sell, at 28%.
- Get the inspection and appraisal ready before you go under contract. Those are most often where contracts fall apart in general industry experience.
If you're buying
- There is room to negotiate. 71% of sales closed below the first asking price, and the median sold price was 97.4% of first ask.
- Homes that don't sell can sit a long time. Listings that never sold had a median of 164 days on market and a typical price cut of 1.6%.
- Most buyers are using conventional or FHA loans. Conventional made up 43% and FHA 29%, with VA at 13% and cash at 10%.
Did you know?
- Contracts fell apart in 13% of cases here, about 1 in 8. Of those, 67% later sold and 33% never did.
- Contracts that fell apart and later sold did so at a median of 96.9% of asking, after a median of 72 days.
- Estimated carrying costs for a typical home at $296,400 are about $874 a month before mortgage, and about $4,703 while it sits unsold, before mortgage.
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Thinking of selling in Kenly? What it takes and what it costs →
For sellers
Listings that didn't sell
24%
up 12.6 pts from a year ago
19 expired or canceled vs 60 sold
Sold vs. first asking price
97.4%
down 1.4 pts from a year ago
median sale price ÷ original list price
Sold below first asking
70%
share of homes that sold
Price cut on homes that didn't sell
1.6%
median — and they still didn't sell
For buyers
True days on market
43
down 2 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
21%
of listings that didn't sell the first time
Median sold price
$289K
down 3.1% from a year ago
60 homes sold
The last 24 months
29% latest month · Oct 26
19 latest month · Oct 26
97.6% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 30 | 7 | 19% | 31 | 96.7% |
| $300–400K | 19 | 9 | 32% | 64 | 97.5% |
| $400–500K | 5 | 3 | 38% | 93 | 98.8% |
| $500–750K | 4 | 0 | 0% | 22 | 100.0% |
| $750K–1M | 2 | 0 | 0% | 7 | 99.3% |
Kenly housing market: quick answers
How long do homes take to sell in Kenly?
Homes that sold in Kenly over the last 12 months took a median of 43 days, counted from the day they were first listed (relists included). That's down 2 days from a year ago.
What do homes in Kenly sell for compared to the asking price?
The median home in Kenly sold for 97.4% of its first asking price in the last 12 months, and 70% of the homes that sold went for less than the original price. That's down 1.4 pts from a year ago.
What percentage of homes listed in Kenly don't sell?
24% of homes listed in Kenly over the last 12 months expired or were canceled without selling — about 1 in 4 (19 didn't sell vs 60 sold). That's up 12.6 pts from a year ago. The homes that didn't sell had already cut their price a median 1.6%.
What is the median sold price in Kenly?
The median sold price in Kenly over the last 12 months was $289,450, across 60 homes sold. That's down 3.1% from a year ago.
What is my home worth in Kenly?
The median home in Kenly sold for $289,450 over the last 12 months (60 sales), down about 3.1% from $298,840 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in Kenly going down?
At the median, yes. Homes in Kenly sold for a median of $289,450 in the last 12 months, down about 3.1% from $298,840 the prior 12 months. Fewer homes sold (60 vs 77), and the median time on the market went from 44 to 43 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these Kenly housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000