Is Kent, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kent, NY

How much do homes in Kent, NY cost?

Median Sold Price

$439,750

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$74,750(+20.5%)

Key Takeaway

Homes in Kent have sold for 20.5% more than they did a year ago.

Summary: The median home sold price in Kent was $439,750 in November 2024, up 20.5% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $275.6K$280K
+1.6%
2 $335.9K$415K
+23.5%
3 $445K$460.5K
+3.5%
4 $355K$600K
+69.0%
5+ $576K$875K
+51.9%

Summary: Kent housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 69%, and 5+ bedroom homes increased by 51.9%.

Median Sold Price Compared To Nearby Cities

Kent
+20.5%
Holmes
+18.5%
Putnam Valley
+17.1%
Carmel
+11.2%

Housing Supply in Kent, NY

How many homes are available in Kent, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8065-18.8%

Summary: The Kent real estate market had 65 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 2220
-9.1%
3 4032
-20.0%
4 86
-25.0%
5+ 76
-14.3%

Summary: The Kent housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Kent in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.

Days on Market for Kent, NY

How long does it take to sell a home in Kent, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
67 Days74 Days+9.3%

Summary: Homes in Kent had an average of 74 days on market in Nov 2024, up by 9.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kent has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Kent; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 18% 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 1 Day Ago

Newest Listings in Kent, NY

Nearby Markets to Kent, NY

What housing markets are near Kent, NY?