Is Kent County, MD 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 County was a Seller's Market.
Key Takeaway
Kent County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kent County, MD
How much do homes in Kent County, MD cost?
Median Sold Price
$314,994
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kent County have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Kent County was $314,994 in March 2024, down 4.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93.5K | $80K | -14.4% |
| 2 Bedrooms | $231K | $244.5K | +5.8% |
| 3 Bedrooms | $300K | $309.9K | +3.3% |
| 4 Bedrooms | $410K | $339.5K | -17.2% |
| 5+ Bedrooms | $465K | $383.9K | -17.4% |
Summary: Kent County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Counties
| Queen Anne's County | $449.9K | $515K | +14.5% |
| Cecil County | $316.9K | $340.7K | +7.5% |
| Kent County | $315K | $329.7K | +4.6% |
| New Castle County | $327.6K | $341.3K | +4.2% |
| Kent County | $329K | $314.9K | -4.3% |
Housing Supply in Kent County, MD
How many homes are available in Kent County, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 180 | +7.1% |
Summary: The Kent County real estate market had 180 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 29 | 34 | +17.2% |
| 3 Bedrooms | 94 | 94 | 0.0% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Kent County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 17.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Kent County in March 2024, down by 18.2% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Kent County, MD
How long does it take to sell a home in Kent County, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -15.1% |
Summary: Homes in Kent County had an average of 38 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Kent County; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
