Is Kent City, MI 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 City has remained a Buyer's Market.
Housing Prices in Kent City, MI
How much do homes in Kent City, MI cost?
Median Sold Price
$282,175
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kent City was $282,175 in April 2024, up 6.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | - | N/A |
2 Bedrooms | $277.5K | $190K | -31.5% |
3 Bedrooms | $274.9K | $275K | 0.0% |
4 Bedrooms | $256.2K | $297.5K | +16.1% |
5+ Bedrooms | $400K | $625K | +56.3% |
Summary: Kent City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 56.3%.
Median Sold Price Compared To Nearby Cities
Tyrone Township | $260K | $284.9K | +9.6% |
Kent City | $265K | $282.1K | +6.5% |
Housing Supply in Kent City, MI
How many homes are available in Kent City, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Summary: The Kent City real estate market had 15 homes for sale in April 2024, a 87.5% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 11 | +83.3% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Kent City 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 remained the same, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Kent City in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Kent City, MI
How long does it take to sell a home in Kent City, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Kent City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.