$4,726 Closing Credit*
$398,000
1,995 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jennifer L Mobley, Listing Office: Coldwell Banker Chesapeake Real Estate Company
Is Kent County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Kent County has remained a Seller's Market.
Key Takeaway
Kent County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kent County, MD
How much do homes in Kent County, MD cost?
Median Sold Price
$350,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,010(+9.4%)
Key Takeaway
Homes in Kent County have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Kent County was $350,000 in November 2024, up 9.4% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $70K | -12.5% |
| 2 Bedrooms | $235K | $256K | +8.9% |
| 3 Bedrooms | $310K | $332K | +7.1% |
| 4 Bedrooms | $357.5K | $480.5K | +34.4% |
| 5+ Bedrooms | $381.9K | $530K | +38.8% |
Summary: Kent County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 38.8%.
Median Sold Price Compared To Nearby Counties
| Kent County | $319.9K | $350K | +9.4% |
| Queen Anne's County | $500K | $535K | +7.0% |
| New Castle County | $336.1K | $359.6K | +7.0% |
| Kent County | $324.8K | $347.3K | +6.9% |
| Cecil County | $339.1K | $360K | +6.1% |
Housing Supply in Kent County, MD
How many homes are available in Kent County, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 169 | 170 | +0.6% |
Summary: The Kent County real estate market had 170 homes for sale in November 2024, a 0.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 16 | -27.3% |
| 3 Bedrooms | 100 | 106 | +6.0% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Kent County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent County, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Kent County in November 2024, down by 5.9% month-over-month. Of the 32 sold homes, 53% were sold under asking, 25% were sold at asking, and 22% were sold over asking.
Days on Market for Kent County, MD
How long does it take to sell a home in Kent County, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 59 Days | -19.2% |
Summary: Homes in Kent County had an average of 59 days on market in Nov 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Kent County; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
