Is Kensington, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kensington is a buyer's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Kensington, GA cost?

Median Sold Price

$280,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$3,800(+1.4%)

Key Takeaway

Homes in Kensington have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $132K$138K
+4.5%
2 $475K$480K
+1.1%
3 $242.5K$280K
+15.5%
4 $375K$275K
-26.7%
5+ $1.0M$727K
-32.1%

Median Sold Price Compared To Nearby Cities

La Fayette
+19.8%
Lookout Mountain
+19.4%
LaFayette
+17.6%
Rising Fawn
+4.9%
Kensington
+1.4%

How many homes are available in Kensington, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
2016-20.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 00
0.0%
3 1410
-28.6%
4 33
0.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kensington, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Kensington, GA

Number of homes for sale in Kensington, GA real estate market have reached 16. The number of listings in Kensington, GA decreased by 20% between July 2022 and August 2022. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 4.5%, the cost of 2 bedrooms properties went up by 1.1%, the cost of 3 bedrooms properties went up by 15.5%, prices of 4 bedrooms properties went down by 26.7%, prices of 5 bedrooms properties decreased by 32.1%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 28.6%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in August 2022 in Kensington, GA. In the same period over 1 listings were sold below the listed price and 1 listings were sold for the listed price.

Related Housing Market Reports