$6,353 Closing Credit*
$535,000
1,726 SqFt
3 Beds
•1 Full Bath, 1 Partial
Gina Lane, Listing Office: Coldwell Banker Danforth
Is Kent, WA 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 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, WA
How much do homes in Kent, WA cost?
Median Sold Price
$650,108
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,108(+4.9%)
Key Takeaway
Homes in Kent have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Kent was $650,108 in October 2024, up 4.9% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $262K | +4.8% |
| 2 Bedrooms | $374.7K | $380K | +1.4% |
| 3 Bedrooms | $585K | $604.5K | +3.3% |
| 4 Bedrooms | $689.6K | $739.9K | +7.3% |
| 5+ Bedrooms | $796K | $823K | +3.4% |
Summary: Kent housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Covington | $630K | $684.5K | +8.7% |
| Des Moines | $562.4K | $600K | +6.7% |
| SeaTac | $517.6K | $545.5K | +5.4% |
| Kent | $620K | $650.1K | +4.9% |
| Auburn | $591.2K | $595K | +0.6% |
Housing Supply in Kent, WA
How many homes are available in Kent, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 455 | 484 | +6.4% |
Summary: The Kent real estate market had 484 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 65 | 75 | +15.4% |
| 3 Bedrooms | 142 | 166 | +16.9% |
| 4 Bedrooms | 173 | 155 | -10.4% |
| 5+ Bedrooms | 67 | 79 | +17.9% |
Summary: The Kent housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 121 | +26.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent, you could pay more than the asking price. 34.7% of homes here sold above asking price last month.
Summary: A total of 121 homes were sold or pending in Kent in October 2024, up by 26.0% month-over-month. Of the 121 sold homes, 34% were sold under asking, 31% were sold at asking, and 35% were sold over asking.
Days on Market for Kent, WA
How long does it take to sell a home in Kent, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 35 Days | +39.7% |
Summary: Homes in Kent had an average of 35 days on market in Oct 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 121 homes were sold in Kent; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.