Is Kent County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Kent County has remained a Seller's Market.

Key Takeaway

Kent County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kent County, MI

How much do homes in Kent County, MI cost?

Median Sold Price

$330,577

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,003(+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 $330,577 in November 2024, up 6.4% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$210K
+7.7%
2 $227.6K$245K
+7.6%
3 $289.9K$314.9K
+8.6%
4 $379.8K$399.9K
+5.3%
5+ $543.8K$575.4K
+5.8%

Summary: Kent County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Counties

Newaygo County
+9.6%
Kent County
+6.4%
Ionia County
+4.2%
Montcalm County
+2.2%

Housing Supply in Kent County, MI

How many homes are available in Kent County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,1431,850-13.7%

Summary: The Kent County real estate market had 1,850 homes for sale in November 2024, a 13.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3731
-16.2%
2 329293
-10.9%
3 914756
-17.3%
4 636578
-9.1%
5+ 227192
-15.4%

Summary: The Kent County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.2%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
645496-23.1%

Asking Price vs. Sold Price

227 Homes Were Sold
Under Asking

114 Homes Were Sold
At Asking

155 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent County, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 496 homes were sold or pending in Kent County in November 2024, down by 23.1% month-over-month. Of the 496 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for Kent County, MI

How long does it take to sell a home in Kent County, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days27 Days+21.7%

Summary: Homes in Kent County had an average of 27 days on market in Nov 2024, up by 21.7% compared to last year.

Breakdown of Home Sale Times

366 Homes Were Sold
Under 30 Days

95 Homes Were Sold
In 30 - 90 Days

34 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kent County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 496 homes were sold in Kent County; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Kent County, MI

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