$5,166 Closing Credit*
$435,000
1,554 SqFt
3 Beds
•2 Full Baths, 1 Partial
Simeon Zabchev, Listing Office: Fairfax Realty Select
Is North Kensington, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Kensington has remained a Seller's Market.
Key Takeaway
North Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Kensington, MD
How much do homes in North Kensington, MD cost?
Median Sold Price
$675,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,000(+9.0%)
Key Takeaway
Homes in North Kensington have sold for 9% more than they did a year ago.
Summary: The median home sold price in North Kensington was $675,000 in October 2024, up 9% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $198K | +2.9% |
| 2 Bedrooms | $291K | $287K | -1.4% |
| 3 Bedrooms | $583K | $578.5K | -0.8% |
| 4 Bedrooms | $670K | $708.5K | +5.7% |
| 5+ Bedrooms | $842.5K | $1.0M | +21.7% |
Summary: North Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in North Kensington, MD
How many homes are available in North Kensington, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The North Kensington real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The North Kensington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Kensington, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in North Kensington in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for North Kensington, MD
How long does it take to sell a home in North Kensington, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 24 Days | +24.3% |
Summary: Homes in North Kensington had an average of 24 days on market in Oct 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Kensington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in North Kensington; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
