Is Kensington, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kensington is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Kensington was a Neutral Market.

Key Takeaway

Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kensington, GA

How much do homes in Kensington, GA cost?

Median Sold Price

$662,500

$299/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$302,600(+84.1%)

Key Takeaway

Homes in Kensington have sold for 84.1% more than they did a month ago.

Summary: The median home sold price in Kensington was $662,500 in September 2024, up 84.1% from last month, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $359.9K-
N/A
2 -$385K
N/A
3 $359.9K$940K
+161.2%
4 --
N/A
5+ --
N/A

Summary: Kensington housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 161.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rising Fawn
+135.0%
Kensington
+84.1%

Housing Supply in Kensington, GA

How many homes are available in Kensington, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2421-12.5%

Summary: The Kensington real estate market had 21 homes for sale in September 2024, a 12.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 1614
-12.5%
4 44
0.0%
5+ 00
0.0%

Summary: The Kensington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kensington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Kensington in September 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Kensington, GA

How long does it take to sell a home in Kensington, GA?

Average Sale Time

Aug 2024Sep 2024CHANGE
73 Days129 Days+76.7%

Summary: Homes in Kensington had an average of 129 days on market in Sep 2024, up by 76.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kensington are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 4 homes were sold in Kensington; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Kensington, GA

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