Is Kent, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Kent was a Seller's Market.
Key Takeaway
Kent is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kent, CT
How much do homes in Kent, CT cost?
Median Sold Price
$460,500
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kent have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Kent was $460,500 in March 2024, down 2.5% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $331.2K | +84.0% |
| 2 Bedrooms | $380K | $332.5K | -12.5% |
| 3 Bedrooms | $460K | $437K | -5.0% |
| 4 Bedrooms | $672K | $1.0M | +54.8% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Kent housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cornwall Bridge | $495K | $489.5K | -1.1% |
| Kent | $472.5K | $460.5K | -2.5% |
Housing Supply in Kent, CT
How many homes are available in Kent, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Kent real estate market had 16 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Kent housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kent in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kent, CT
We’re sorry, we don't have information for this market at the moment
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