Kentwood Michigan Real Estate Market Report Dec 2008

Kentwood Michigan is a large suburb of Grand Rapids with a population

under 50,000. It has manufacturing, shopping centers, and lots and lots

of residential housing. Kentwood Public Schools are one of the largest

school systems in the area with over 9000 students and 16 buildings within

a 24.25 square mile area.

kentwood high school football stadium

The downward trend of the last few years in Kentwood home sales has been

continuing this year, with most of the fall due to foreclosures and bank owned

homes flooding the market with homes at bargain prices. The upper end

homes in Kentwood are sitting on the market, most at prices too high for

today’s buyer. Your list price has to be close to the sale price or your home

just doesn’t get serious buyer activity.

In 2006, Kentwood has 495 home sales – average sold price:$159,788.

In 2007, Kentwood had 434 homes sales – average sold price:$151,009.

In 2008, Kentwood had 722 home sales – average sold price: $115,127.

Home sales for Kentwood in the $70,000 to $150,000 price range

total of 140 selling in the third and fourth quarter of 2008.

Kentwood Absorption Rate for this price range is 12.26 months, at the

current rate of sale (which means if no new listings come on the market, it

will take 12.26 months to sell the listed homes).

Average Kentwood sold price: $116,503

Average Kentwood Sold Price per Sq Ft: $87.48

Average Kentwood List Price: $ 124,725

Average Kentwood List Price/SqFt: $ 97.90

Home Sales for Kentwood MI in the $150,000 to $400,000 Price Range

Third & Fourth Quarter Home Sales for Kentwood in this price range are 30.

Kentwood Absorption Rate for this price range is 35.6 months.

Average Kentwood Sold Price is $181,414

Average Kentwood Sold Price per Sq Ft is $101.66

Average Kentwood List Price: $ 186,727

Average Kentwood List Price/SqFt: $ 107.02

If you would like additional information about Kentwood or

Grand Rapids Homes, please contact me directly. These free reports can

be emailed to your inbox, contact me to let me know your address and

which reports you are interested in.

photo of Kentwood High School Football Stadium by Bonnie Westbrook

Grand Rapids Real Estate