Is Kent County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Kent County has remained a Seller's Market.
Housing Prices in Kent County, MI
How much do homes in Kent County, MI cost?
Median Sold Price
$317,973
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Kent County was $317,973 in February 2024, up 7.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $205K | +2.5% |
2 Bedrooms | $219.7K | $233K | +6.1% |
3 Bedrooms | $272.2K | $299.5K | +10.1% |
4 Bedrooms | $362.7K | $380.1K | +4.8% |
5+ Bedrooms | $515.8K | $549.7K | +6.6% |
Summary: Kent County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Montcalm County | $205K | $230K | +12.2% |
Newaygo County | $199.9K | $224.2K | +12.2% |
Ionia County | $195K | $215.8K | +10.7% |
Kent County | $294.9K | $317.9K | +7.8% |
Housing Supply in Kent County, MI
How many homes are available in Kent County, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,180 | 1,172 | -0.7% |
Summary: The Kent County real estate market had 1,172 homes for sale in February 2024, a 0.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 22 | -8.3% |
2 Bedrooms | 231 | 213 | -7.8% |
3 Bedrooms | 480 | 484 | +0.8% |
4 Bedrooms | 324 | 333 | +2.8% |
5+ Bedrooms | 121 | 120 | -0.8% |
Summary: The Kent County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 0.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
386 | 365 | -5.4% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
160 Homes Were Sold
Over Asking
Summary: A total of 365 homes were sold or pending in Kent County in February 2024, down by 5.4% month-over-month. Of the 365 sold homes, 37% were sold under asking, 19% were sold at asking, and 44% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
30 Days | 33 Days | +8.0% |
Summary: Homes in Kent County had an average of 33 days on market in Feb 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
243 Homes Were Sold
Under 30 Days
76 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During February 2024, 365 homes were sold in Kent County; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.