Kensington, CA 94707 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

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

Key Findings

1. $1,717,500 median sold price is the primary indicator of current market value and recent transaction activity in Kensington; this level, combined with a hot market temperature and a up price year-over-year trend, suggests realized prices remain robust despite broader macro pressures.
2. $1,098,000 median listing price sits well below the median sold price and may signal a meaningful gap between seller asking expectations and actual transaction outcomes; this pricing friction appears alongside relatively constrained active supply and may indicate competitive bidding on representative recent sales rather than broad price weakness.
3. 304 median days on market points to slower sales velocity than typically expected in a hot market, which may reflect elongated marketing timelines for specific property types or price bands rather than systemic demand weakness; interpret this as cautious liquidity where select listings still achieve strong sold prices.
4. $688 median price per square foot and $2,295 median market rent highlight elevated value per unit area and rental support, but with rent year-over-year trend noted as down, investors should exercise caution on near-term rental income growth while acknowledging structural price strength.
5. Current 30-year fixed mortgage rates are averaging 6.63% (0.54% higher than the 2026 low of 6.09%), and with interest rate pressure characterized as moderate, financing costs are a meaningful near-term headwind that may temper buyer urgency even as the market remains hot and prices are trending up.

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.