Is Kent East Hill, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kent East Hill has remained a Seller's Market.
Key Takeaway
Kent East Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kent East Hill, WA
How much do homes in Kent East Hill, WA cost?
Median Sold Price
$669,975
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kent East Hill have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Kent East Hill was $669,975 in April 2024, up 6.7% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $254K | +11.6% |
| 2 Bedrooms | $325K | $310K | -4.6% |
| 3 Bedrooms | $600K | $575K | -4.2% |
| 4 Bedrooms | $700.5K | $710K | +1.4% |
| 5+ Bedrooms | $752.4K | $851.8K | +13.2% |
Summary: Kent East Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Kent East Hill, WA
How many homes are available in Kent East Hill, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The Kent East Hill real estate market had 57 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 32 | 25 | -21.9% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Kent East Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent East Hill, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Kent East Hill in April 2024, up by 52.9% month-over-month. Of the 26 sold homes, 4% were sold under asking, 38% were sold at asking, and 58% were sold over asking.
Days on Market for Kent East Hill, WA
How long does it take to sell a home in Kent East Hill, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 14 Days | -67.6% |
Summary: Homes in Kent East Hill had an average of 14 days on market in Apr 2024, down by 67.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kent East Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Kent East Hill; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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 © 2024 Northwest MLS. All rights reserved.