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

Housing Market Conditions



Gauge showing Kent is a seller'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



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

# BEDSNov 2022Nov 2023CHANGE
1 $260K$254.9K
2 $385K$375K
3 $571.7K$585K
4 $735.8K$693.7K
5+ $829.4K$800K

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

Des Moines

Housing Supply in Kent, WA

How many homes are available in Kent, WA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

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

# BEDSOct 2023Nov 2023CHANGE
1 78
2 5757
3 129116
4 10891
5+ 4939

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 2023Nov 2023CHANGE

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
35 Days35 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

Breakdown of Home Sale Times

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.

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

Report Updated 9 Days Ago

Newest Listings in Kent, WA

Nearby Markets to Kent, WA

What housing markets are near Kent, WA?