Is Kensington, NY 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, Kensington has remained a Buyer's Market.
Housing Prices in Kensington, NY
How much do homes in Kensington, NY cost?
Median Sold Price
$651,500
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kensington was $651,500 in April 2024, up 18.5% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $433.7K | $375K | -13.5% |
2 Bedrooms | $625K | $690K | +10.4% |
3 Bedrooms | $995K | $1.0M | +6.0% |
4 Bedrooms | $1.9M | $1.0M | -44.8% |
5+ Bedrooms | $1.5M | $1.3M | -13.5% |
Summary: Kensington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 44.8%, and 5+ bedroom homes decreased by 13.5%.
Median Sold Price Compared To Nearby Neighborhoods
Kensington | $550K | $651.5K | +18.5% |
Windsor Terrace | $1.1M | $1.1M | 0.0% |
Ditmas Park | $905K | $675K | -25.4% |
Housing Supply in Kensington, NY
How many homes are available in Kensington, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 96 | -6.8% |
Summary: The Kensington real estate market had 96 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 46 | -4.2% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 13 | 8 | -38.5% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Kensington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Kensington in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Kensington, NY
How long does it take to sell a home in Kensington, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
233 Days | 201 Days | -13.7% |
Summary: Homes in Kensington had an average of 201 days on market in Apr 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Kensington; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.