$3,918 Closing Credit*
$329,900
1,830 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michael L McGivney, Listing Office: Allen Edwin Realty LLC
Is Kent City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kent City was a Seller's Market.
Key Takeaway
Kent City 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 City, MI
How much do homes in Kent City, MI cost?
Median Sold Price
$318,450
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,950(+11.5%)
Key Takeaway
Homes in Kent City have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Kent City was $318,450 in November 2024, up 11.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $139K | - | N/A |
| 2 Bedrooms | $190K | $222.3K | +17.0% |
| 3 Bedrooms | $285.5K | $320K | +12.1% |
| 4 Bedrooms | $289.7K | $324.4K | +12.0% |
| 5+ Bedrooms | $625K | $717.5K | +14.8% |
Summary: Kent City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Kent City | $285.5K | $318.4K | +11.5% |
| Tyrone Township | $285.5K | $317K | +11.0% |
Housing Supply in Kent City, MI
How many homes are available in Kent City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Kent City real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Kent City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kent City in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 76 Days | +189.8% |
Summary: Homes in Kent City had an average of 76 days on market in Nov 2024, up by 189.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kent City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Kent City; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
