Is North Kensington, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Kensington has remained a Seller's Market.
Key Takeaway
North Kensington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Kensington, MD
How much do homes in North Kensington, MD cost?
Median Sold Price
$621,500
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Kensington have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in North Kensington was $621,500 in April 2024, up 8.1% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $202.5K | +12.5% |
| 2 Bedrooms | $264.4K | $475K | +79.6% |
| 3 Bedrooms | $545K | $583K | +7.0% |
| 4 Bedrooms | $616.5K | $682.5K | +10.7% |
| 5+ Bedrooms | $795K | $875K | +10.1% |
Summary: North Kensington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 79.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Rock Creek Palisades | $602.5K | $654.3K | +8.6% |
| North Kensington | $575K | $621.5K | +8.1% |
Housing Supply in North Kensington, MD
How many homes are available in North Kensington, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 36 | +50.0% |
Summary: The North Kensington real estate market had 36 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 9 | 16 | +77.8% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The North Kensington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Kensington, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in North Kensington in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for North Kensington, MD
How long does it take to sell a home in North Kensington, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 5 Days | -75.0% |
Summary: Homes in North Kensington had an average of 5 days on market in Apr 2024, down by 75% compared to last year.
Breakdown of Home Sale Times
8 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 North Kensington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in North 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.
