Is Kent, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kent, NY

How much do homes in Kent, NY cost?

Median Sold Price

$439,750

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$74,750(+20.5%)

Key Takeaway

Homes in Kent have sold for 20.5% more than they did a year ago.

Summary: The median home sold price in Kent was $439,750 in November 2024, up 20.5% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $275.6K$280K
+1.6%
2 $335.9K$415K
+23.5%
3 $445K$460.5K
+3.5%
4 $355K$600K
+69.0%
5+ $576K$875K
+51.9%

Summary: Kent housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 69%, and 5+ bedroom homes increased by 51.9%.

Median Sold Price Compared To Nearby Cities

Kent
+20.5%
Holmes
+18.5%
Putnam Valley
+17.1%
Carmel
+11.2%

Housing Supply in Kent, NY

How many homes are available in Kent, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8065-18.8%

Summary: The Kent real estate market had 65 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 2220
-9.1%
3 4032
-20.0%
4 86
-25.0%
5+ 76
-14.3%

Summary: The Kent housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Kent in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.

Days on Market for Kent, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days74 Days+9.3%

Summary: Homes in Kent had an average of 74 days on market in Nov 2024, up by 9.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kent has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Kent; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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 17 Days Ago

Newest Listings in Kent, NY

Nearby Markets to Kent, NY

What housing markets are near Kent, NY?