$9,179 Closing Credit*
$773,000
1,776 SqFt
4 Beds
•2 Full Baths
Brian Curtis Sutton, Listing Office: Long & Foster Real Estate, Inc.
Is Kent Island, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kent Island has remained a Seller's Market.
Key Takeaway
Kent Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kent Island, MD
How much do homes in Kent Island, MD cost?
Median Sold Price
$548,833
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+9.7%)
Key Takeaway
Homes in Kent Island have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Kent Island was $548,833 in October 2024, up 9.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $254.2K | -24.6% |
| 2 Bedrooms | $395.1K | $465K | +17.7% |
| 3 Bedrooms | $450K | $499.8K | +11.1% |
| 4 Bedrooms | $570K | $588.7K | +3.3% |
| 5+ Bedrooms | $850K | $755K | -11.2% |
Summary: Kent Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Kent Narrows | $540.9K | $660K | +22.0% |
| Kent Island | $500.3K | $548.8K | +9.7% |
| Stevensville | $497.5K | $532.5K | +7.0% |
| Chester | $479.9K | $503.9K | +5.0% |
Housing Supply in Kent Island, MD
How many homes are available in Kent Island, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 138 | 152 | +10.1% |
Summary: The Kent Island real estate market had 152 homes for sale in October 2024, a 10.1% 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 | 20 | 24 | +20.0% |
| 3 Bedrooms | 59 | 61 | +3.4% |
| 4 Bedrooms | 41 | 49 | +19.5% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Kent Island 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 increased by 20%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 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. 69.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Kent Island in October 2024, up by 56.5% month-over-month. Of the 36 sold homes, 69% were sold under asking, 19% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 50 Days | +166.1% |
Summary: Homes in Kent Island had an average of 50 days on market in Oct 2024, up by 166.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Kent Island; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
