$8,301 Closing Credit*
$699,000
1,580 SqFt
4 Beds
•2 Full Baths
Stacey M Kuzma, Listing Office: Real Broker, LLC
Is South 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, 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
$1,040,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,000(+7.3%)
Key Takeaway
Homes in South Kensington have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in South Kensington was $1,040,000 in November 2024, up 7.3% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | - | N/A |
| 3 Bedrooms | $800K | $791.2K | -1.1% |
| 4 Bedrooms | $955K | $1.0M | +12.6% |
| 5+ Bedrooms | $1.6M | $1.7M | +4.7% |
Summary: South Kensington housing prices by bedroom type for November 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 decreased by 1.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| South Kensington | $969K | $1.0M | +7.3% |
| Parkwood | $955K | $995K | +4.2% |
Housing Supply in South Kensington, MD
How many homes are available in South Kensington, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Summary: The South Kensington real estate market had 25 homes for sale in November 2024, a 24.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 7 | 3 | -57.1% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The South 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 57.1%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Kensington, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in South Kensington in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 10 Days | +118.8% |
Summary: Homes in South Kensington had an average of 10 days on market in Nov 2024, up by 118.8% compared to last year.
Breakdown of Home Sale Times
7 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 South Kensington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in South Kensington; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
