$10,000 Closing Credit*
$1,650,000
5,200 SqFt
6 Beds
•4 Full Baths, 1 Partial
NORMA D ARORA, Listing Office: Pearson Smith Realty, LLC
Is Kensington, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Kensington has remained a Seller's Market.
Key Takeaway
Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kensington, MD
How much do homes in Kensington, MD cost?
Median Sold Price
$865,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+7.5%)
Key Takeaway
Homes in Kensington have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Kensington was $865,000 in November 2024, up 7.5% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $175K | -13.6% |
| 2 Bedrooms | $289K | $552.2K | +91.1% |
| 3 Bedrooms | $720K | $724.3K | +0.6% |
| 4 Bedrooms | $822.5K | $878K | +6.7% |
| 5+ Bedrooms | $1.3M | $1.5M | +13.0% |
Summary: Kensington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 91.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13%.
Housing Supply in Kensington, MD
How many homes are available in Kensington, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 45 | -32.8% |
Summary: The Kensington real estate market had 45 homes for sale in November 2024, a 32.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 20 | 10 | -50.0% |
| 5+ Bedrooms | 26 | 18 | -30.8% |
Summary: The Kensington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 11 | -64.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Kensington in November 2024, down by 64.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Kensington, MD
How long does it take to sell a home in Kensington, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 10 Days | +53.4% |
Summary: Homes in Kensington had an average of 10 days on market in Nov 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kensington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Kensington; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
