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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kensington is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Kensington was a Buyer's Market.

Key Takeaway

Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kensington, GA

How much do homes in Kensington, GA cost?

Median Sold Price

$289,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,000(+11.2%)

Key Takeaway

Homes in Kensington have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Kensington was $289,000 in February 2024, up 11.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $145K$285K
+96.6%
2 $200K$70K
-65.0%
3 $302.5K$294K
-2.8%
4 $299.2K$1.0M
+255.9%
5+ $129.9K$675K
+419.6%

Summary: Kensington housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.6%, 2 bedroom homes decreased by 65%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 255.9%, and 5+ bedroom homes increased by 419.6%.

Median Sold Price Compared To Nearby Cities

Lookout Mountain
+24.4%
Kensington
+11.2%
La Fayette
+5.0%
LaFayette
+0.8%

Housing Supply in Kensington, GA

How many homes are available in Kensington, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1012+20.0%

Summary: The Kensington real estate market had 12 homes for sale in February 2024, a 20.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 57
+40.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Kensington housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kensington in February 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Kensington, GA

We’re sorry, we don't have information for this market at the moment

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

Report Updated 28 Days Ago

Newest Listings in Kensington, GA

Nearby Markets to Kensington, GA

What housing markets are near Kensington, GA?