$110,000
0.01 Acres
Land
Miriam Mosquera-Martinez, Listing Office: Elfant Wissahickon-Chestnut Hill
Is Olde 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, Olde Kensington was a Seller's Market.
Key Takeaway
Olde Kensington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Olde Kensington, PA
How much do homes in Olde Kensington, PA cost?
Median Sold Price
$443,750
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$61,250(-12.1%)
Key Takeaway
Homes in Olde Kensington have sold for 12.1% less than they did a year ago.
Summary: The median home sold price in Olde Kensington was $443,750 in November 2024, down 12.1% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.5K | $355K | +23.1% |
| 2 Bedrooms | $408.7K | $435K | +6.4% |
| 3 Bedrooms | $575K | $500K | -13.0% |
| 4 Bedrooms | $657.4K | $485K | -26.2% |
| 5+ Bedrooms | $330K | $675K | +104.5% |
Summary: Olde Kensington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 104.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Northern Liberties | $508.4K | $527.5K | +3.7% |
| Fishtown | $423.1K | $428.3K | +1.2% |
| Lower North Philadelphia | $370.2K | $373.3K | +0.8% |
| Olde Kensington | $505K | $443.7K | -12.1% |
Housing Supply in Olde Kensington, PA
How many homes are available in Olde Kensington, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 40 | -2.4% |
Summary: The Olde Kensington real estate market had 40 homes for sale in November 2024, a 2.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olde Kensington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olde 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 3 homes were sold or pending in Olde Kensington in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Olde Kensington, PA
How long does it take to sell a home in Olde Kensington, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 184 Days | +132.3% |
Summary: Homes in Olde Kensington had an average of 184 days on market in Nov 2024, up by 132.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Olde Kensington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Olde Kensington; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
