Is Kensington, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Kensington was a Seller's Market.
Housing Prices in Kensington, PA
How much do homes in Kensington, PA cost?
Median Sold Price
$269,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kensington was $269,500 in April 2024, down 3.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $247K | +35.7% |
2 Bedrooms | $249.4K | $224K | -10.2% |
3 Bedrooms | $285K | $294K | +3.2% |
4 Bedrooms | $479.9K | $472.5K | -1.6% |
5+ Bedrooms | $190K | $265K | +39.5% |
Summary: Kensington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Neighborhoods
West Kensington | $59.5K | $74.2K | +24.8% |
Fishtown | $417K | $440K | +5.5% |
Kensington | $279.9K | $269.5K | -3.7% |
Bridesburg / Kensington / Richmond | $235.9K | $226.9K | -3.8% |
Port Richmond | $240K | $223K | -7.1% |
Housing Supply in Kensington, PA
How many homes are available in Kensington, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
237 | 282 | +19.0% |
Summary: The Kensington real estate market had 282 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 67 | 76 | +13.4% |
3 Bedrooms | 130 | 157 | +20.8% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Kensington housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 19 | -54.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Kensington in April 2024, down by 54.8% month-over-month. Of the 19 sold homes, 63% were sold under asking, 32% were sold at asking, and 5% were sold over asking.
Days on Market for Kensington, PA
How long does it take to sell a home in Kensington, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 31 Days | -35.9% |
Summary: Homes in Kensington had an average of 31 days on market in Apr 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Kensington; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.