$7,719 Closing Credit*
$650,000
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Reliable R E
Is Kensington, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kensington was a Neutral Market.
Key Takeaway
Kensington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kensington, NY
How much do homes in Kensington, NY cost?
Median Sold Price
$582,500
$585/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+4.0%)
Key Takeaway
Homes in Kensington have sold for 4% more than they did a year ago.
Summary: The median home sold price in Kensington was $582,500 in October 2024, up 4% from last year, and the median price per square foot was $585.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $410K | -1.2% |
| 2 Bedrooms | $660K | $667.5K | +1.1% |
| 3 Bedrooms | $980K | $994.5K | +1.5% |
| 4 Bedrooms | $1.4M | $995K | -31.4% |
| 5+ Bedrooms | $1.4M | $1.8M | +27.0% |
Summary: Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Neighborhoods
| Windsor Terrace | $999K | $1.1M | +14.2% |
| Kensington | $560K | $582.5K | +4.0% |
Housing Supply in Kensington, NY
How many homes are available in Kensington, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 94 | -11.3% |
Summary: The Kensington real estate market had 94 homes for sale in October 2024, a 11.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 31 | -18.4% |
| 2 Bedrooms | 43 | 41 | -4.7% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Kensington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.4%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Kensington in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 182 Days | 112 Days | -38.3% |
Summary: Homes in Kensington had an average of 112 days on market in Oct 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kensington has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Kensington; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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