Is Kent East Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent East Hill is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Kent East Hill, WA

How much do homes in Kent East Hill, WA cost?

Median Sold Price

$650,000

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Kent East Hill has remained the same since last year.

Summary: The median home sold price in Kent East Hill was $650,000 in December 2024, the same as last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $249.9K$260.5K
+4.2%
2 $300K$350K
+16.7%
3 $585K$585K
0.0%
4 $695K$752.5K
+8.3%
5+ $849.1K$861.6K
+1.5%

Summary: Kent East Hill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 1.5%.

Housing Supply in Kent East Hill, WA

How many homes are available in Kent East Hill, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6045-25.0%

Summary: The Kent East Hill real estate market had 45 homes for sale in December 2024, a 25.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 1912
-36.8%
4 2517
-32.0%
5+ 56
+20.0%

Summary: The Kent East Hill housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent East Hill, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Kent East Hill in December 2024, down by 20.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for Kent East Hill, WA

How long does it take to sell a home in Kent East Hill, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days37 Days+31.3%

Summary: Homes in Kent East Hill had an average of 37 days on market in Dec 2024, up by 31.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 16 homes were sold in Kent East Hill; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

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