Is Kent, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kent was a Neutral Market.
Housing Prices in Kent, NY
How much do homes in Kent, NY cost?
Median Sold Price
$400,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kent was $400,000 in May 2024, up 12.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $298.7K | $267.5K | -10.5% |
2 Bedrooms | $330K | $349.5K | +5.9% |
3 Bedrooms | $400K | $455K | +13.8% |
4 Bedrooms | $357.5K | $426K | +19.2% |
5+ Bedrooms | $549K | $688.8K | +25.5% |
Summary: Kent housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Cities
Stormville | $493.8K | $590K | +19.5% |
Kent | $355K | $400K | +12.7% |
Holmes | $433.5K | $474K | +9.3% |
Carmel | $429.1K | $455K | +6.0% |
Putnam Valley | $455K | $470K | +3.3% |
Housing Supply in Kent, NY
How many homes are available in Kent, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 75 | +27.1% |
Summary: The Kent real estate market had 75 homes for sale in May 2024, a 27.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 18 | 26 | +44.4% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Kent housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Kent in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Kent, NY
How long does it take to sell a home in Kent, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 21 Days | -68.2% |
Summary: Homes in Kent had an average of 21 days on market in May 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Kent; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.