$10,000 Closing Credit*
$950,000
2,334 SqFt
5 Beds
•3 Full Baths
Megan K Richardson, Listing Office: Cummings & Co. Realtors
Is South 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, South Kensington has remained a Seller's Market.
Key Takeaway
South Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Kensington, MD
How much do homes in South Kensington, MD cost?
Median Sold Price
$1,030,000
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+7.9%)
Key Takeaway
Homes in South Kensington have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in South Kensington was $1,030,000 in October 2024, up 7.9% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | - | N/A |
| 3 Bedrooms | $779.5K | $780K | 0.1% |
| 4 Bedrooms | $955K | $1.0M | +4.7% |
| 5+ Bedrooms | $1.6M | $1.7M | +6.0% |
Summary: South Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| South Kensington | $955K | $1.0M | +7.9% |
| Rock Creek Hills | $1.2M | $1.2M | +2.0% |
| Parkwood | $982.5K | $952.5K | -3.1% |
Housing Supply in South Kensington, MD
How many homes are available in South Kensington, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 36 | +38.5% |
Summary: The South Kensington real estate market had 36 homes for sale in October 2024, a 38.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The South 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 increased by 44.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 14 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Kensington, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in South Kensington in October 2024, up by 250.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for South Kensington, MD
How long does it take to sell a home in South Kensington, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +41.2% |
Summary: Homes in South Kensington had an average of 16 days on market in Oct 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Kensington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in South Kensington; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
