$8,301 Closing Credit*
$699,000
1,580 SqFt
4 Beds
•2 Full Baths
Stacey M Kuzma, Listing Office: Real Broker, LLC
Is Kensington, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$880,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$80,000(+10.0%)
Key Takeaway
Homes in Kensington have sold for 10% more than they did a year ago.
Summary: The median home sold price in Kensington was $880,000 in December 2024, up 10% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $175K | -13.6% |
| 2 Bedrooms | $289K | $552.2K | +91.1% |
| 3 Bedrooms | $710K | $723.7K | +1.9% |
| 4 Bedrooms | $815K | $881.5K | +8.2% |
| 5+ Bedrooms | $1.3M | $1.5M | +17.3% |
Summary: Kensington housing prices by bedroom type for December 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 1.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in Kensington, MD
How many homes are available in Kensington, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Kensington real estate market had 40 homes for sale in December 2024, a 7.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Kensington housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Kensington in December 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 48 Days | +201.9% |
Summary: Homes in Kensington had an average of 48 days on market in Dec 2024, up by 201.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kensington are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in Kensington; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
