$375,000
2.30 Acres
Land
Julie Rockwell, Listing Office: Berkshire Hathaway HomeServices Michigan Real Esta
Is Kent County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Kent County, MI
How much do homes in Kent County, MI cost?
Median Sold Price
$327,815
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,816(+7.5%)
Key Takeaway
Homes in Kent County have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Kent County was $327,815 in September 2024, up 7.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197K | $227.4K | +15.5% |
| 2 Bedrooms | $225K | $243.3K | +8.1% |
| 3 Bedrooms | $284.8K | $310K | +8.8% |
| 4 Bedrooms | $372.3K | $398.6K | +7.1% |
| 5+ Bedrooms | $533.5K | $591.5K | +10.9% |
Summary: Kent County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Counties
| Ionia County | $200.5K | $223.8K | +11.7% |
| Newaygo County | $214.8K | $232K | +8.0% |
| Kent County | $304.9K | $327.8K | +7.5% |
| Montcalm County | $220K | $229.6K | +4.4% |
Housing Supply in Kent County, MI
How many homes are available in Kent County, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2,118 | 2,040 | -3.7% |
Summary: The Kent County real estate market had 2,040 homes for sale in September 2024, a 3.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 40 | -2.4% |
| 2 Bedrooms | 322 | 282 | -12.4% |
| 3 Bedrooms | 893 | 890 | -0.3% |
| 4 Bedrooms | 598 | 589 | -1.5% |
| 5+ Bedrooms | 264 | 239 | -9.5% |
Summary: The Kent County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 719 | 539 | -25.0% |
Asking Price vs. Sold Price
215 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
210 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. 39.9% of homes here sold below asking price last month.
Summary: A total of 539 homes were sold or pending in Kent County in September 2024, down by 25.0% month-over-month. Of the 539 sold homes, 40% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for Kent County, MI
How long does it take to sell a home in Kent County, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +20.3% |
Summary: Homes in Kent County had an average of 22 days on market in Sep 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
428 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
19 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 September 2024, 539 homes were sold in Kent County; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.