Is Kent, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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, WA
How much do homes in Kent, WA cost?
Median Sold Price
$620,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Kent has remained the same since last year.
Summary: The median home sold price in Kent was $620,000 in November 2023, the same as last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $254.9K | -1.9% |
| 2 Bedrooms | $385K | $375K | -2.6% |
| 3 Bedrooms | $571.7K | $585K | +2.3% |
| 4 Bedrooms | $735.8K | $693.7K | -5.7% |
| 5+ Bedrooms | $829.4K | $800K | -3.6% |
Summary: Kent housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Kent | $619.9K | $620K | 0.0% |
| Des Moines | $571.1K | $565K | -1.1% |
| Auburn | $598.8K | $591.7K | -1.2% |
| SeaTac | $551.6K | $522.5K | -5.3% |
| Covington | $671.9K | $625K | -7.0% |
Housing Supply in Kent, WA
How many homes are available in Kent, WA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 350 | 311 | -11.1% |
Summary: The Kent real estate market had 311 homes for sale in November 2023, a 11.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 57 | 57 | 0.0% |
| 3 Bedrooms | 129 | 116 | -10.1% |
| 4 Bedrooms | 108 | 91 | -15.7% |
| 5+ Bedrooms | 49 | 39 | -20.4% |
Summary: The Kent housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 20.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 110 | 89 | -19.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Kent in November 2023, down by 19.1% month-over-month. Of the 89 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Kent, WA
How long does it take to sell a home in Kent, WA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -2.0% |
Summary: Homes in Kent had an average of 35 days on market in Nov 2023, down by 2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 89 homes were sold in Kent; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.