$5,936 Closing Credit*
$499,900
1,570 SqFt
3 Beds
•2 Full Baths, 1 Partial
Ryan F Gallagher, Listing Office: RE/MAX Access
Is Kensington, PA 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 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
$273,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,166(+0.8%)
Key Takeaway
Homes in Kensington have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Kensington was $273,500 in October 2024, up 0.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247K | $460K | +86.2% |
| 2 Bedrooms | $239K | $236.2K | -1.2% |
| 3 Bedrooms | $320K | $277.1K | -13.4% |
| 4 Bedrooms | $404.6K | $473.7K | +17.1% |
| 5+ Bedrooms | $402.5K | $223K | -44.6% |
Summary: Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 44.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West Kensington | $65K | $74.2K | +14.3% |
| Port Richmond | $208.9K | $235K | +12.5% |
| Bridesburg / Kensington / Richmond | $226.2K | $230.1K | +1.7% |
| Kensington | $271.3K | $273.5K | +0.8% |
| Fishtown | $429.9K | $425K | -1.1% |
Housing Supply in Kensington, PA
How many homes are available in Kensington, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 225 | 260 | +15.6% |
Summary: The Kensington real estate market had 260 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 58 | 68 | +17.2% |
| 3 Bedrooms | 132 | 151 | +14.4% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Kensington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Kensington in October 2024, up by 21.4% month-over-month. Of the 34 sold homes, 44% were sold under asking, 29% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 44 Days | -23.0% |
Summary: Homes in Kensington had an average of 44 days on market in Oct 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 34 homes were sold in Kensington; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
