Kentwood, MI 49508 Real Estate Market Report

ZIP Code: 49508
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of recent market value is the 329,900 median sold price, which should be treated as the representative recent sale for valuation and pricing decisions; this suggests current comps center around that level and can inform offer strategy with contextual transaction evidence.

2. The 254 median days on market points to slower sales velocity than a fast-turning market; combined with a neutral market temperature, this suggests liquidity is more measured and sellers may need to be more patient on timing and concessions.

3. The 204 median price per square foot, together with a 335,000 median listing price versus the 329,900 median sold price, indicates modest pricing friction between asking and achieved prices and suggests sellers' expectations are broadly aligned with recent transactions while buyers retain room for negotiation; the overall price trend is up.

4. Rental and financing context: the 1,450 median market rent is trending up while interest rate pressure is elevated, which may support rental demand but increases carrying costs for buyers and investors—monitor interest rate developments closely as they may constrain near-term buyer purchasing power; the market temperature remains neutral indicating a balanced environment rather than strongly one-sided conditions.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Kentwood, MI 49508 Real Estate Market Report

ZIP Code: 49508
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of recent market value is the median sold price: 235,000, which aligns with a price trend that is up, suggesting recent appreciation though the broader market remains cautious.

2. Liquidity appears constrained when viewed through transaction timing: the median days on market: 301 indicates slower sales velocity, which may require sellers to price more competitively or allow longer marketing windows.

3. Pricing context supports measured seller expectations: the median price per square foot: 234 coupled with a median market rent: 1,650 and a rent trend that is up suggests steady rental demand that can underpin price resilience.

4. Inventory and financing headwinds create a mixed outlook—sampled supply is described as constrained and the reported market temperature is neutral, while interest rate pressure is elevated; sellers should emphasize pricing alignment and buyers should account for financing cost sensitivity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.