$10,000 Closing Credit*
$1,100,000
7 Beds
•3 Full Baths, 2 Partial
#488139, Listing Office: RE/MAX Edge
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 Buyer's 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
$442,500
$526/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$253,000(-36.4%)
Key Takeaway
Homes in Kensington have sold for 36.4% less than they did a month ago.
Summary: The median home sold price in Kensington was $442,500 in November 2024, down 36.4% from last month, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $442.5K | +13.5% |
| 2 Bedrooms | $425K | $46K | -89.2% |
| 3 Bedrooms | $927.1K | - | N/A |
| 4 Bedrooms | $1.1M | $980K | -10.9% |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Kensington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 89.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Housing Supply in Kensington, NY
How many homes are available in Kensington, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 84 | -10.6% |
Summary: The Kensington real estate market had 84 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 34 | 0.0% |
| 2 Bedrooms | 40 | 33 | -17.5% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
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 decreased by 17.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Kensington in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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 |
|---|---|---|
| 112 Days | 125 Days | +10.9% |
Summary: Homes in Kensington had an average of 125 days on market in Nov 2024, up by 10.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Kensington are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Kensington; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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