$1,424 Closing Credit*
$119,900
1,272 SqFt
4 Beds
•1 Full Bath
Md Nazmul Hussain, Listing Office: HUNT Real Estate Corporation
Is Kensington, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, NY
How much do homes in Kensington, NY cost?
Median Sold Price
$195,000
$140/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$2,500(+1.3%)
Key Takeaway
Homes in Kensington have sold for 1.3% more than they did a month ago.
Summary: The median home sold price in Kensington was $195,000 in November 2024, up 1.3% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $180.5K | $181.2K | 0.4% |
| 4 Bedrooms | $238.5K | $196K | -17.8% |
| 5+ Bedrooms | - | $195K | N/A |
Summary: Kensington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Kensington | $192.5K | $195K | +1.3% |
| University | $193.7K | $173.5K | -10.5% |
Housing Supply in Kensington, NY
How many homes are available in Kensington, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Kensington real estate market had 36 homes for sale in November 2024, a 5.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 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 15.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Kensington in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Kensington, NY
How long does it take to sell a home in Kensington, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 22 Days | +84.1% |
Summary: Homes in Kensington had an average of 22 days on market in Nov 2024, up by 84.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kensington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Kensington; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
