$10,000 Closing Credit*
$2,225,000
4,730 SqFt
7 Beds
•5 Full Baths, 2 Partial
William H Norris III, Listing Office: Select Land & Homes, LLC
Is Kent County, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kent County was a Seller's Market.
Key Takeaway
Kent County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kent County, MD
How much do homes in Kent County, MD cost?
Median Sold Price
$340,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,500(+6.4%)
Key Takeaway
Homes in Kent County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Kent County was $340,500 in October 2024, up 6.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $75K | -57.1% |
| 2 Bedrooms | $236K | $252.4K | +6.9% |
| 3 Bedrooms | $314.9K | $325K | +3.2% |
| 4 Bedrooms | $350K | $470K | +34.3% |
| 5+ Bedrooms | $383.9K | $525K | +36.7% |
Summary: Kent County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes increased by 36.7%.
Median Sold Price Compared To Nearby Counties
| Kent County | $323.3K | $347.9K | +7.6% |
| Cecil County | $335K | $359.9K | +7.5% |
| Queen Anne's County | $495K | $529.8K | +7.0% |
| New Castle County | $335.3K | $357.6K | +6.6% |
| Kent County | $320K | $340.5K | +6.4% |
Housing Supply in Kent County, MD
How many homes are available in Kent County, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 164 | 182 | +11.0% |
Summary: The Kent County real estate market had 182 homes for sale in October 2024, a 11.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 23 | -11.5% |
| 3 Bedrooms | 97 | 108 | +11.3% |
| 4 Bedrooms | 33 | 37 | +12.1% |
| 5+ Bedrooms | 7 | 13 | +85.7% |
Summary: The Kent County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 85.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
10 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. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Kent County in October 2024, the same as the previous month. Of the 30 sold homes, 43% were sold under asking, 33% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 58 Days | -11.6% |
Summary: Homes in Kent County had an average of 58 days on market in Oct 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 30 homes were sold in Kent County; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
