Is Kent County, MD 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 County has remained a Seller's Market.
Key Takeaway
Kent County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kent County, MD
How much do homes in Kent County, MD cost?
Median Sold Price
$315,998
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kent County have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Kent County was $315,998 in April 2024, down 3.7% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $80K | +23.1% |
| 2 Bedrooms | $231K | $237K | +2.6% |
| 3 Bedrooms | $304.9K | $310K | +1.7% |
| 4 Bedrooms | $395K | $362.4K | -8.2% |
| 5+ Bedrooms | $402.5K | $460K | +14.3% |
Summary: Kent County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Counties
| Queen Anne's County | $460.6K | $515K | +11.8% |
| Kent County | $310.2K | $334.4K | +7.8% |
| Cecil County | $320K | $342.2K | +6.9% |
| New Castle County | $329.8K | $345K | +4.6% |
| Kent County | $328K | $315.9K | -3.7% |
Housing Supply in Kent County, MD
How many homes are available in Kent County, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 151 | +22.8% |
Summary: The Kent County real estate market had 151 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 26 | 32 | +23.1% |
| 3 Bedrooms | 65 | 70 | +7.7% |
| 4 Bedrooms | 19 | 29 | +52.6% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Kent County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 28 | +47.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kent County, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Kent County in April 2024, up by 47.4% month-over-month. Of the 28 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for Kent County, MD
How long does it take to sell a home in Kent County, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 55 Days | +34.9% |
Summary: Homes in Kent County had an average of 55 days on market in Apr 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kent County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Kent County; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
