Is Kent County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent County is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Kent County, MI cost?

Median Sold Price

$279,449

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$29,448(+11.8%)

Key Takeaway

Homes in Kent County have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $190K$170K
-10.5%
2 $183.4K$209.9K
+14.5%
3 $232.1K$260.1K
+12.1%
4 $309.6K$342.8K
+10.7%
5+ $444.6K$481.4K
+8.3%

Median Sold Price Compared To Nearby Counties

Ottawa County
+12.4%
Barry County
+11.9%
Kent County
+11.8%
Montcalm County
+11.5%
Ionia County
+7.7%

How many homes are available in Kent County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
2,5222,5240.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 4944
-10.2%
2 383381
-0.5%
3 1,0621,085
+2.2%
4 712709
-0.4%
5+ 316305
-3.5%

Number of Homes Sold

Jul 2022Aug 2022%
899775-13.8%

Asking Price vs. Sold Price

234 Homes Were Sold
Under Asking

136 Homes Were Sold
At Asking

405 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent County, you could pay more than the asking price. 52.3% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days27 Days+129.5%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Kent County, MI

Kent County, MI has 2,524 homes for sale to choose from. In August 2022 in Kent County, MI there were 0.1% more homes for sale than in July 2022. While the average time on the market in August 2022 was 27 days, the median list price was $279,449. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went down by 10.5%, the cost of 2 bedrooms properties went up by 14.5%, the cost of 3 bedrooms properties went up by 12.1%, prices of 4 bedrooms properties went up by 10.7%, the cost of 5 bedrooms properties went up by 8.3%. Housing inventory have changed in this real estate market: 1 bedroom homes became 10.2% less available, number of 2 bedrooms homes decreased by 0.5%, volume of 3 bedrooms homes went up by 2.2%, 4 bedrooms homes became 0.4% less available, 5 bedrooms homes became 3.5% less available. Kent County, MI housing market in August 2022 saw over 405 listings sold above listed price, more than 136 sold at listed price and over 234 sold below.

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