$6,886 Closing Credit*
$579,900
1,632 SqFt
4 Beds
•2 Full Baths
Lindsay J VanDuinen-Scully, Listing Office: RE/MAX of Grand Rapids (FH)
Is Kent City, MI 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 City has remained a Seller's Market.
Key Takeaway
Kent City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kent City, MI
How much do homes in Kent City, MI cost?
Median Sold Price
$315,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,000(+16.2%)
Key Takeaway
Homes in Kent City have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Kent City was $315,000 in October 2024, up 16.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | - | N/A |
| 2 Bedrooms | $190K | $218K | +14.7% |
| 3 Bedrooms | $265K | $320K | +20.8% |
| 4 Bedrooms | $277K | $318.4K | +15.0% |
| 5+ Bedrooms | $625K | $717.5K | +14.8% |
Summary: Kent City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Kent City | $271K | $315K | +16.2% |
| Tyrone Township | $277K | $310.5K | +12.1% |
Housing Supply in Kent City, MI
How many homes are available in Kent City, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Summary: The Kent City real estate market had 18 homes for sale in October 2024, a 21.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Kent City 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 100%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kent City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Kent City in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Kent City, MI
How long does it take to sell a home in Kent City, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 53 Days | +665.7% |
Summary: Homes in Kent City had an average of 53 days on market in Oct 2024, up by 665.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kent City has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Kent City; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
