Is Kent Acres, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kent Acres has remained a Seller's Market.
Housing Prices in Kent Acres, DE
How much do homes in Kent Acres, DE cost?
Median Sold Price
$325,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kent Acres was $325,000 in March 2024, up 8.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $235K | N/A |
3 Bedrooms | $297.4K | $270K | -9.2% |
4 Bedrooms | $312.4K | $380K | +21.6% |
5+ Bedrooms | $1.1M | $1.2M | +8.7% |
Summary: Kent Acres housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Kent Acres, DE
How many homes are available in Kent Acres, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 7 | -53.3% |
Summary: The Kent Acres real estate market had 7 homes for sale in March 2024, a 53.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 9 | 4 | -55.6% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Kent Acres 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 100%, 3 bedroom homes decreased by 55.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Kent Acres in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Kent Acres, DE
How long does it take to sell a home in Kent Acres, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 19 Days | +101.7% |
Summary: Homes in Kent Acres had an average of 19 days on market in Mar 2024, up by 101.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Kent Acres; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.