Is Kent County, 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 County has remained a Seller's Market.
Housing Prices in Kent County, MI
How much do homes in Kent County, MI cost?
Median Sold Price
$320,215
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kent County was $320,215 in April 2024, up 8.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198K | $207.5K | +4.8% |
2 Bedrooms | $219.9K | $236.1K | +7.4% |
3 Bedrooms | $274.8K | $300.2K | +9.3% |
4 Bedrooms | $364.3K | $386K | +6.0% |
5+ Bedrooms | $520.8K | $549.9K | +5.6% |
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 4.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Counties
Ionia County | $195K | $220.2K | +12.9% |
Kent County | $295.9K | $320.2K | +8.2% |
Montcalm County | $210K | $227.3K | +8.2% |
Newaygo County | $206K | $220.7K | +7.1% |
Housing Supply in Kent County, MI
How many homes are available in Kent County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,395 | 1,599 | +14.6% |
Summary: The Kent County real estate market had 1,599 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 29 | +11.5% |
2 Bedrooms | 238 | 263 | +10.5% |
3 Bedrooms | 610 | 695 | +13.9% |
4 Bedrooms | 381 | 438 | +15.0% |
5+ Bedrooms | 140 | 174 | +24.3% |
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 11.5%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 24.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
457 | 486 | +6.3% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
277 Homes Were Sold
Over Asking
Summary: A total of 486 homes were sold or pending in Kent County in April 2024, up by 6.3% month-over-month. Of the 486 sold homes, 25% were sold under asking, 18% were sold at asking, and 57% were sold over asking.
Days on Market for Kent County, MI
How long does it take to sell a home in Kent County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -32.4% |
Summary: Homes in Kent County had an average of 19 days on market in Apr 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
409 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 486 homes were sold in Kent County; 84% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.