Altos Market Data for Realtors

Kensington, MD

Single-Family Homes

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Kensington, MD

Thu Dec 08 2022
This week the median list price for Kensington, MD is $849,900 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has increased to 27. Click here to stay informed with the Kensington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Kensington, MD

Thu Dec 08 2022
This week the median list price for Kensington, MD is $849,900 with the market action index hovering around 51. This is less than last month's market action index of 56. Inventory has increased to 27. Click here to stay informed with the Kensington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Kensington market.
Median List Price $849,900
Median Price of New Listings $650,000
Per Square Foot $336
Average Days on Market 44
Median Days on Market 35
Price Decreased 52%
Price Increased 4%
Relisted 19%
Inventory 27
Median Rent
Market Action 51
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,674,499 4,929 6,500 - 8,000 sqft 5 4.8 35 1 1 14
$995,000 2,382 6,500 - 8,000 sqft 4 3.5 72 0 0 35
$795,000 2,324 6,500 - 8,000 sqft 4 3 63 0 2 35
$639,900 1,692 4,500 - 6,500 sqft 4 2 70 2 2 35