Kentwood, MI 49508 Real Estate Market Report

ZIP Code: 49508
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Kentwood, MI as of April 2026 is characterized by a median sold price of $319,900, reflecting a stable yet slightly cooling market with a down trend in prices year-over-year. This price indicates a potential adjustment in buyer expectations, as the median listing price stands at $375,000, suggesting a notable gap between seller aspirations and actual transaction values. The median days on market is 231, which points to a slower sales velocity, indicating that properties are taking longer to sell compared to previous periods.

The market temperature is currently classified as neutral, suggesting a balance between supply and demand, albeit with elevated inventory levels relative to sales activity. With elevated interest rate pressure, the market may experience further adjustments as buyers navigate financing challenges. The rental market remains robust, with a median market rent of $1,576, indicating sustained demand for rental properties despite the broader market cooling.

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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

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 median sold price of $319,900 reflects a slight cooling in the market, with prices trending down year-over-year.

2. A median listing price of $375,000 indicates a significant gap between seller expectations and actual sales, suggesting potential pricing friction.

3. Properties are experiencing a median days on market of 231, indicating slower sales velocity and longer timeframes for transactions.

4. The market temperature is neutral, suggesting a balanced market despite elevated inventory levels relative to sales activity.

5. The median market rent of $1,576 shows increasing demand in the rental sector, contrasting with the cooling sales market.

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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.