Keene Home Values

Keene's housing stock splits into two distinct worlds. D.R. Horton's Canyons subdivision is pumping out single-story, open-concept four-bedrooms in the high $200s to low $300s on compact lots, many available for quick move-in. Away from the subdivision, the older fabric tells a different story: mid-century ranches and 1970s-era homes on third-acre-plus lots, some with workshop space or multi-generational layouts. A handful of properties near Southwestern Adventist University pull double duty as rentals. Lot sizes swing from under 6,000 square feet in the new sections to well over an acre on legacy parcels.

At roughly $155 per square foot, Keene closed about 9% below Johnson County's figure near $171, a gap that directionally suggests a structural price discount relative to the broader county market. Based on MLS data for recent closings in Keene, deals settled near 97 cents on the dollar against list price, yet the concession rate stood at roughly 93%—far above Johnson County's 61%—indicating widespread seller contributions even when headline pricing held firm. Closed transactions averaged around 58 days on market, up from the 42-day pace over the prior twelve months, and the limited sample size points toward measurable softening at the transaction level.

The pipeline in Keene shows 17 pending transactions against 67 active listings—a pending-to-active ratio that points to limited near-term absorption. At roughly 6.9 months of supply, conditions sit somewhat below Johnson County's 7.9 months, suggesting Keene carries relatively less inventory pressure than the broader county. New listing flow has continued at a moderate pace. With closed-sale durations trending into the high-50-day range, the forward picture directionally suggests continued softness in transaction velocity over the near term.