Is Kensington, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Kensington has remained a Seller'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, MD
How much do homes in Kensington, MD cost?
Median Sold Price
$937,000
$430/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Kensington have sold for 10.2% more than they did a month ago.
Summary: The median home sold price in Kensington was $937,000 in June 2024, up 10.2% from last month, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $795K | $1.0M | +27.7% |
| 4 Bedrooms | $850K | $899.9K | +5.9% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Kensington housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.
Housing Supply in Kensington, MD
How many homes are available in Kensington, MD?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 58 | 73 | +25.9% |
Summary: The Kensington real estate market had 73 homes for sale in June 2024, a 25.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 23 | +64.3% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 16 | 27 | +68.8% |
Summary: The Kensington housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 64.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 68.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kensington, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Kensington in June 2024, up by 11.1% month-over-month. Of the 20 sold homes, 20% were sold under asking, 25% were sold at asking, and 55% were sold over asking.
Days on Market for Kensington, MD
How long does it take to sell a home in Kensington, MD?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 Days | 9 Days | -33.3% |
Summary: Homes in Kensington had an average of 9 days on market in Jun 2024, down by 33.3% compared to last month.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kensington are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 20 homes were sold in Kensington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
