Is Kent County, RI 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, RI
How much do homes in Kent County, RI cost?
Median Sold Price
$389,925
$252/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 $389,925 in April 2024, up 10.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $227.9K | +11.2% |
2 Bedrooms | $298.7K | $324.9K | +8.8% |
3 Bedrooms | $368.6K | $400K | +8.5% |
4 Bedrooms | $450K | $524.2K | +16.5% |
5+ Bedrooms | $420K | $460K | +9.5% |
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 11.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Kent County | $353.5K | $389.9K | +10.3% |
Providence County | $380K | $415K | +9.2% |
Washington County | $549.9K | $558.5K | +1.6% |
Housing Supply in Kent County, RI
How many homes are available in Kent County, RI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
472 | 541 | +14.6% |
Summary: The Kent County real estate market had 541 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 | 14 | 10 | -28.6% |
2 Bedrooms | 126 | 150 | +19.0% |
3 Bedrooms | 220 | 249 | +13.2% |
4 Bedrooms | 80 | 92 | +15.0% |
5+ Bedrooms | 32 | 40 | +25.0% |
Summary: The Kent County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
140 | 154 | +10.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 154 homes were sold or pending in Kent County in April 2024, up by 10.0% month-over-month. Of the 154 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for Kent County, RI
How long does it take to sell a home in Kent County, RI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 29 Days | -10.4% |
Summary: Homes in Kent County had an average of 29 days on market in Apr 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 154 homes were sold in Kent County; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.