Is North Kensington, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Kensington is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $192.5K$198K
+2.9%
2 $291K$287K
-1.4%
3 $583K$578.5K
-0.8%
4 $670K$708.5K
+5.7%
5+ $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 2024Oct 2024CHANGE
2728+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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 99
0.0%
4 1012
+20.0%
5+ 65
-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 2024Oct 2024CHANGE
811+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
19 Days24 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

Breakdown of Home Sale Times

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.

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

Report Updated 21 Days Ago

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