$1,305 Closing Credit*
$109,900
960 SqFt
Nicole Martorano
Is West 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, West Kensington was a Buyer's Market.
Key Takeaway
West Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Kensington, PA
How much do homes in West Kensington, PA cost?
Median Sold Price
$74,285
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,285(+14.3%)
Key Takeaway
Homes in West Kensington have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in West Kensington was $74,285 in October 2024, up 14.3% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $61K | $74.2K | +21.8% |
| 3 Bedrooms | $65K | $74.2K | +14.3% |
| 4 Bedrooms | $62.4K | $62K | -0.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: West Kensington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| West Kensington | $65K | $74.2K | +14.3% |
| Bridesburg / Kensington / Richmond | $226.2K | $230.1K | +1.7% |
| Kensington | $271.3K | $273.5K | +0.8% |
| Harrowgate | $94K | $90K | -4.3% |
Housing Supply in West Kensington, PA
How many homes are available in West Kensington, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The West Kensington real estate market had 29 homes for sale in October 2024, a 3.3% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West 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 20%, 3 bedroom homes decreased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 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 West 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 West Kensington in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for West Kensington, PA
How long does it take to sell a home in West Kensington, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 142 Days | +519.1% |
Summary: Homes in West Kensington had an average of 142 days on market in Oct 2024, up by 519.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in West Kensington are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in West Kensington; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
