$3,206 Closing Credit*
$270,000
1,069 SqFt
2 Beds
•2 Full Baths
Veda Floyd, Listing Office: Opulent Realty Group LLC
Is Kensington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kensington was a Seller'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, PA
How much do homes in Kensington, PA cost?
Median Sold Price
$284,750
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,750(+7.5%)
Key Takeaway
Homes in Kensington have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Kensington was $284,750 in November 2024, up 7.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247K | $460K | +86.2% |
| 2 Bedrooms | $226.2K | $250K | +10.5% |
| 3 Bedrooms | $293.3K | $284.5K | -3.0% |
| 4 Bedrooms | $375K | $475K | +26.7% |
| 5+ Bedrooms | $402.5K | $231K | -42.6% |
Summary: Kensington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 42.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Port Richmond | $209.9K | $238.8K | +13.8% |
| Bridesburg / Kensington / Richmond | $218K | $239.1K | +9.7% |
| Kensington | $265K | $284.7K | +7.5% |
| West Kensington | $70K | $74.6K | +6.6% |
| Fishtown | $423.1K | $428.3K | +1.2% |
Housing Supply in Kensington, PA
How many homes are available in Kensington, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 218 | 216 | -0.9% |
Summary: The Kensington real estate market had 216 homes for sale in November 2024, a 0.9% 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 | 57 | 57 | 0.0% |
| 3 Bedrooms | 125 | 130 | +4.0% |
| 4 Bedrooms | 31 | 24 | -22.6% |
| 5+ Bedrooms | 5 | 5 | 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 increased by 4%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 24 | -33.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Kensington in November 2024, down by 33.3% month-over-month. Of the 24 sold homes, 67% were sold under asking, 29% were sold at asking, and 4% were sold over asking.
Days on Market for Kensington, PA
How long does it take to sell a home in Kensington, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 59 Days | -2.7% |
Summary: Homes in Kensington had an average of 59 days on market in Nov 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 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, 24 homes were sold in Kensington; 54% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
