$275,000
32.88 Acres
Land
Dustin L Sabin, Listing Office: Full Circle Realty
Is Kent County, 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 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
$329,435
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,608(+6.3%)
Key Takeaway
Homes in Kent County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Kent County was $329,435 in October 2024, up 6.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $220K | +15.8% |
| 2 Bedrooms | $225.7K | $244.9K | +8.5% |
| 3 Bedrooms | $285.1K | $310.8K | +9.0% |
| 4 Bedrooms | $378.1K | $399.9K | +5.7% |
| 5+ Bedrooms | $540.3K | $590.5K | +9.3% |
Summary: Kent County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Counties
| Ionia County | $210K | $224K | +6.7% |
| Kent County | $309.8K | $329.4K | +6.3% |
| Montcalm County | $220.5K | $229.3K | +4.0% |
| Newaygo County | $219K | $224.9K | +2.7% |
Housing Supply in Kent County, MI
How many homes are available in Kent County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,041 | 2,147 | +5.2% |
Summary: The Kent County real estate market had 2,147 homes for sale in October 2024, a 5.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 41 | +2.5% |
| 2 Bedrooms | 290 | 323 | +11.4% |
| 3 Bedrooms | 883 | 906 | +2.6% |
| 4 Bedrooms | 596 | 642 | +7.7% |
| 5+ Bedrooms | 232 | 235 | +1.3% |
Summary: The Kent County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 608 | 586 | -3.6% |
Asking Price vs. Sold Price
261 Homes Were Sold
Under Asking
126 Homes Were Sold
At Asking
198 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent County, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.
Summary: A total of 586 homes were sold or pending in Kent County in October 2024, down by 3.6% month-over-month. Of the 585 sold homes, 45% were sold under asking, 22% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 24 Days | +11.2% |
Summary: Homes in Kent County had an average of 24 days on market in Oct 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
439 Homes Were Sold
Under 30 Days
118 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 586 homes were sold in Kent County; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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