Is Kentwood, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Kentwood is a seller's market


Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Kentwood, MI

How much do homes in Kentwood, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Kentwood have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Kentwood was $309,666 in May 2024, up 3.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $160K$204.9K
2 $181K$199.9K
3 $293K$305K
4 $350K$358K
5+ $402.5K$476.6K

Summary: Kentwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 18.4%.

Median Sold Price Compared To Nearby Cities

Grand Rapids
Gaines Charter Township
Cascade Charter Township

Housing Supply in Kentwood, MI

How many homes are available in Kentwood, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Kentwood real estate market had 145 homes for sale in May 2024, a 15.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
2 2026
3 5569
4 4140
5+ 98

Summary: The Kentwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 25.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kentwood, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Summary: A total of 47 homes were sold or pending in Kentwood in May 2024, up by 27.0% month-over-month. Of the 47 sold homes, 26% were sold under asking, 28% were sold at asking, and 47% were sold over asking.

Days on Market for Kentwood, MI

How long does it take to sell a home in Kentwood, MI?

Average Sale Time

May 2023May 2024CHANGE
29 Days12 Days-57.9%

Summary: Homes in Kentwood had an average of 12 days on market in May 2024, down by 57.9% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 47 homes were sold in Kentwood; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

Newest Listings in Kentwood, MI

Nearby Markets to Kentwood, MI

What housing markets are near Kentwood, MI?