$7,719 Closing Credit*
$650,000
2,534 SqFt
4 Beds
•2 Full Baths, 1 Partial
Julie Pfeiffer, Listing Office: Chesapeake Real Estate Associates, LLC
Is Kent Island, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Kent Island was a Seller's Market.
Key Takeaway
Kent Island 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 Island, MD
How much do homes in Kent Island, MD cost?
Median Sold Price
$552,855
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$41,466(+8.1%)
Key Takeaway
Homes in Kent Island have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Kent Island was $552,855 in December 2024, up 8.1% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $283K | -8.7% |
| 2 Bedrooms | $470K | $375K | -20.2% |
| 3 Bedrooms | $459.9K | $507.9K | +10.4% |
| 4 Bedrooms | $575K | $600K | +4.3% |
| 5+ Bedrooms | $835K | $737.5K | -11.7% |
Summary: Kent Island housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent Island | $511.3K | $552.8K | +8.1% |
| Chester | $480K | $503.9K | +5.0% |
| Stevensville | $515K | $536.5K | +4.2% |
Housing Supply in Kent Island, MD
How many homes are available in Kent Island, MD?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 115 | 115 | 0.0% |
Summary: The Kent Island real estate market had 115 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 39 | 39 | 0.0% |
| 4 Bedrooms | 49 | 45 | -8.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Kent Island housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent Island, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Kent Island in December 2024, down by 13.6% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Kent Island, MD
How long does it take to sell a home in Kent Island, MD?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 32 Days | 27 Days | -13.7% |
Summary: Homes in Kent Island had an average of 27 days on market in Dec 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kent Island are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 19 homes were sold in Kent Island; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
