Kensington, CA 94707 Real Estate Market Report

ZIP Code: 94707
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Kensington, CA is characterized by a median sold price of $1,296,500, reflecting a down trend in prices. This indicates a decrease in market value, which may suggest a shift in buyer sentiment or economic conditions. The median days on market stands at 267, indicating a slower sales velocity, which could be attributed to elevated inventory levels relative to sales activity.

Despite the price adjustments, the market remains hot, with strong demand for properties. The median listing price is recorded at $1,407,000, showing a notable gap from the sold price, which may indicate seller expectations that are not fully aligned with current buyer willingness to pay. The rental market continues to thrive, with a median market rent of $3,350, significantly above the national average, suggesting ongoing demand for rental properties in the area.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Kensington, CA are averaging 6.38%, which is 0.26% higher than the 6.12% average seen in early 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,296,500 indicates a down trend in property values, reflecting a decrease in market activity.

2. With a median days on market of 267, the market is experiencing slower sales velocity, suggesting that properties are taking longer to sell.

3. The median listing price of $1,407,000 shows a significant gap from the sold price, indicating potential pricing friction in the market.

4. The median market rent of $3,350 highlights strong rental demand, significantly above the national average, which may attract investors.

5. Current mortgage rates average 6.38%, which is moderate pressure on buyers, potentially impacting affordability and demand.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.