$2,672 Closing Credit*
$225,000
1,816 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cyndi Kane, Listing Office: RE/MAX Crossroads Properties
Is Kent, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, OH
How much do homes in Kent, OH cost?
Median Sold Price
$240,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,700(+9.4%)
Key Takeaway
Homes in Kent have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Kent was $240,000 in November 2024, up 9.4% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $140K | +67.7% |
| 2 Bedrooms | $134K | $155K | +15.7% |
| 3 Bedrooms | $210K | $230.5K | +9.8% |
| 4 Bedrooms | $279.9K | $307.5K | +9.9% |
| 5+ Bedrooms | $425K | $355K | -16.5% |
Summary: Kent housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Brimfield Township | $240K | $281K | +17.1% |
| Kent | $219.3K | $240K | +9.4% |
| Franklin Township | $249.9K | $268.6K | +7.5% |
Housing Supply in Kent, OH
How many homes are available in Kent, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 77 | -17.2% |
Summary: The Kent real estate market had 77 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 8 | -42.9% |
| 3 Bedrooms | 46 | 36 | -21.7% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Kent housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Kent in November 2024, down by 7.4% month-over-month. Of the 25 sold homes, 48% were sold under asking, 20% were sold at asking, and 32% were sold over asking.
Days on Market for Kent, OH
How long does it take to sell a home in Kent, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 35 Days | +54.5% |
Summary: Homes in Kent had an average of 35 days on market in Nov 2024, up by 54.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kent are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Kent; 52% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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