Average Home Sizes and Asking Prices
Updated On: September 19, 2019
Asking Price in 20895 - 3 Bedroom Single Family Homes
Homes for Sale in Kensington
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Kensington, Maryland, in Montgomery County is one of the true gems of the East Coast. A cozy half-square mile in size, Kensington embodies an unrivaled historic charisma. An estimated 2,500 residents call this small town home, enjoying a lifestyle centered on old-fashioned charm and beautiful surroundings. Homes for sale in Kensington provide residents of all ages with a comfortable, pleasant suburban lifestyle within driving distance to the Washington, D.C., metro area. Real estate options consist of single-family homes, condominiums and 2 and 3 bedroom townhouses, new homes, luxury homes, estates, and more.
Kensington is located near the communities of Chevy Chase, Bethesda and Rockville, and is the community of choice for those who want to be close to National Naval Medical Center (NNMC), National Institutes of Health (NIH) and the District of Columbia. While Kensington is known for its serene, small-town atmosphere, it is still only 10 miles north of central Washington, D.C. City-dwellers often use Kensington as a getaway, day-trip destination. Kensington's shopping district, Antique Row, and proximity to White Flint Mall are particularly popular. Public education in Kensington is under the charge of Montgomery County Public Schools (MCPS).
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Local Real Estate Market: Price Range of Kensington, Maryland Houses for Sale
Perfect for military, public health and government workers and for those seeking a quiet lifestyle within driving distance to the Washington, D.C. metro area, Kensington is a pleasant surprise for home seekers who appreciate style, quality and charm in housing options. Colonial and Cape Cod homes for sale, characterized by expansive, multi-story floor plans are popular with buyers. Many of the houses were built in the mid-20th century, but new home construction is available as well. For the most part, Kensington's houses are very well cared for, with some of the older homes and estate properties having been completely modernized and restored. Fenced yards and treed lots are the norm.
Prices for homes in any of Kensington's neighborhoods range between $300,000 and $2 million+. For about $600,000, a homebuyer might purchase a spacious four-bedroom home. Condominiums and townhouses in Kensington are available from $150,000 to $235,000; most of these units are one and two-bedroom layouts. Homebuyers can also occasionally find land properties for custom home building.
Kensington Real Estate Stats and Trends for the week of September 18th, 2019: homes priced around $568,525 compared to $571,791 the previous week, for a slight decrease of less than -1%. For Wednesday, September 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.