How does the housing market look in Kemp? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.
Market Insights
Kemp Texas
Median Sale Price
$307,500
26.4%
New Listings
52
48.6%
Number of Homes Sold
26
3.7%
Median Days on Market
18
16.7%
Market Overview
Based on home data between July 16, 2022 and August 15, 2022, homes for sale in Kemp, TX sold for a median price of $307,500, up 26.4% compared to the same period last year. The median price per square foot was $195.07, up 24.4% year-over-year. There were 26 homes sold, down from 27 last year.
All Home Types
Median
lightbulbWhat does this mean?
The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.
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Get your maximum home value with minimal effort
Use Orchard’s free tool to get your most accurate home valuation today.
Get StartedHousing Supply
On August 15, 2022, the total number of homes for sale in Kemp, TX was 140, up 28.4% compared to last year. Based on home data between July 16, 2022 and August 15, 2022, 52 new homes were listed for sale, up 48.6% year-over-year. The median days on market was 17.5, up from 15 days last year. The months of supply was 4.23, up from 2.63 months last year.
All Home Types
lightbulbWhat does this mean?
The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.
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Your dream home is waiting for you.
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Start QuizHousing Demand
Based on home data between July 16, 2022 and August 15, 2022, homes in Kemp, TX had a median sale-to-list-price ratio of 99.05%, down 1.2 pt compared to the same period last year. 24% of homes sold above list price, down 18.3 pt year-over-year. 40% of homes listed dropped in price, up 28.5 pt from last year.
All Home Types
Median
lightbulbWhat does this mean?
Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.
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Cash offers are 4x more likely to be accepted.
Orchard helps you make a stronger, cash-backed offer.
Get StartedHomes For Sale In Kemp
