Is Kent, OH 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 has remained a Seller's Market.
Housing Prices in Kent, OH
How much do homes in Kent, OH cost?
Median Sold Price
$225,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kent was $225,000 in April 2024, up 5.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $112.5K | +10.3% |
2 Bedrooms | $143K | $145K | +1.4% |
3 Bedrooms | $194.9K | $219.5K | +12.6% |
4 Bedrooms | $262.9K | $315K | +19.8% |
5+ Bedrooms | $379.1K | $235K | -38.0% |
Summary: Kent housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 38%.
Median Sold Price Compared To Nearby Cities
Kent | $212.5K | $225K | +5.9% |
Franklin Township | $255K | $267.5K | +4.9% |
Brimfield Township | $260K | $246.5K | -5.2% |
Housing Supply in Kent, OH
How many homes are available in Kent, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 63 | +5.0% |
Summary: The Kent real estate market had 63 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Kent housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Kent in April 2024, up by 33.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 13% were sold at asking, and 58% were sold over asking.
Days on Market for Kent, OH
How long does it take to sell a home in Kent, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 22 Days | -14.3% |
Summary: Homes in Kent had an average of 22 days on market in Apr 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Kent; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.