$5,938 Closing Credit*
$500,000
1,650 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lewis Esposito, Listing Office: RE/MAX Preferred - Newtown Square
Is Olde Kensington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Olde Kensington has remained a Buyer'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
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,250(-14.5%)
Key Takeaway
Homes in Olde Kensington have sold for 14.5% less than they did a year ago.
Summary: The median home sold price in Olde Kensington was $443,750 in October 2024, down 14.5% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.5K | $355K | +23.1% |
| 2 Bedrooms | $415K | $430K | +3.6% |
| 3 Bedrooms | $570K | $490K | -14.0% |
| 4 Bedrooms | $657.4K | $488.5K | -25.7% |
| 5+ Bedrooms | $330K | $675K | +104.5% |
Summary: Olde Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes increased by 104.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Northern Liberties | $513.7K | $535K | +4.1% |
| Lower North Philadelphia | $371.2K | $375K | +1.0% |
| Fishtown | $429.9K | $425K | -1.1% |
| Hartranft | $320K | $302.5K | -5.5% |
| Olde Kensington | $519K | $443.7K | -14.5% |
Housing Supply in Olde Kensington, PA
How many homes are available in Olde Kensington, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 47 | -9.6% |
Summary: The Olde Kensington real estate market had 47 homes for sale in October 2024, a 9.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Olde Kensington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Olde Kensington, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Olde Kensington in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 130 Days | 74 Days | -43.1% |
Summary: Homes in Olde Kensington had an average of 74 days on market in Oct 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were 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 October 2024, 5 homes were sold in Olde Kensington; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
