Is Kent, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kent has remained a Seller's Market.
Housing Prices in Kent, OH
How much do homes in Kent, OH cost?
Median Sold Price
$230,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kent was $230,000 in May 2024, up 12.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83.5K | $160K | +91.6% |
2 Bedrooms | $133.5K | $147.5K | +10.5% |
3 Bedrooms | $194.9K | $220K | +12.9% |
4 Bedrooms | $261.2K | $324K | +24.0% |
5+ Bedrooms | $389K | $235K | -39.6% |
Summary: Kent housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.6%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 39.6%.
Median Sold Price Compared To Nearby Cities
Kent | $205K | $230K | +12.2% |
Franklin Township | $249.1K | $265K | +6.3% |
Brimfield Township | $257K | $252K | -1.9% |
Housing Supply in Kent, OH
How many homes are available in Kent, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 66 | 0.0% |
Summary: The Kent real estate market had 66 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Kent housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Kent in May 2024, down by 20.0% month-over-month. Of the 20 sold homes, 35% were sold under asking, 5% were sold at asking, and 60% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -28.7% |
Summary: Homes in Kent had an average of 18 days on market in May 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Kent; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.