Kennedyville, MD

Kennedyville is a small town located in Howard County, Maryland. The population of Kennedyville was 2,906 as of the 2010 census. Kennedyville is home to many businesses and homes that are used for residential purposes. The real estate market in Kennedyville is very competitive because there are many homes for sale and not many people who are looking to buy a home.

The average price of a home in Kennedyville is $236,000 which is much higher than the average price of a home in Howard County which is $153,000. The reason why the prices are so high in Kennedyville is because there are not as many homes for sale as there are people who want to buy them. There have been times where there have been over 100 homes for sale at one time and the demand has not been able to meet the supply. This has caused the prices to go up because people who want to buy a home can't find one that they want to purchase and people who want to sell their homes can't find someone who wants to buy them.

There have been some developments that have taken place in Kennedyville recently that could potentially help with the real estate market. One development that has taken place recently is the opening of an Ikea store which could potentially increase traffic in the town and lead to more sales transactions happening because people would need somewhere else to go after shopping at Ikea. Another development that has taken place recently is the opening of a Walmart store which could potentially decrease traffic in the town and lead to less sales transactions happening because people would need somewhere else to go after shopping at Walmart. Neither of these developments will have an immediate impact on the real estate market but they could potentially lead to an impact down the line if they continue growing at their current rates