Kent East Hill Market Update – July 2025
The East Hill neighborhood in Kent is experiencing a market shift that’s worth paying attention to, especially if you’re considering buying or selling in the second half of the year. While we are still technically in a seller’s market, conditions are no longer as aggressive as they were a year ago. Inventory is climbing, prices are adjusting, and homes are taking longer to sell. Here’s a breakdown of what we’re seeing right now.
Inventory is Rising, Giving Buyers More Options
In June 2025, there were 166 single-family resale homes for sale in Kent East Hill. That’s a 26.7 percent increase compared to May and a 36.1 percent increase year-over-year. This is the highest inventory level we’ve seen in over 12 months, and it’s giving buyers more choices and more leverage than they’ve had in a long time. While demand is still present, sellers no longer hold all the cards.
Pricing is Softening in Response to Market Conditions
The median sold price in June came in at $640,000, down from $700,000 in May—a month-over-month drop of 8.6 percent. Compared to June of last year, prices are down 6.6 percent. This decline reflects not just increased inventory, but also a shift in buyer behavior. Many buyers are being more selective, and they’re not rushing into bidding wars the way they were in 2021 or 2022. Sellers who price strategically and present their homes well are still getting strong results, but overpricing is being punished.
Homes Are Taking Longer to Sell
Another clear sign of a shifting market is the increase in days on market. In June, the average continuous days on market (CDOM) rose to 15 days. By mid-July, that average had climbed to 23 days. For context, this same time last year, homes were going pending in about 8 to 10 days on average. In today’s environment, buyers are taking more time to make decisions, and the speed of the market has slowed.
Market Conditions Still Favor Sellers—But Margins Are Tighter
The absorption rate for June (based on pending sales) was 45.8 percent. While that still puts us in seller’s market territory (anything above 33 percent), it’s a sharp decline from 67 percent just one year ago. This means homes are still selling, but at a slower pace, and the balance of power is gradually moving back toward neutral territory. Price reductions are becoming more common, and homes that lack updates, staging, or curb appeal are sitting longer than they were earlier this spring.
What This Means for Homeowners
If you’re planning to sell in 2025, preparation and presentation are more important than ever. Buyers today are looking for value, not just a home that’s available. That means thoughtful pricing, strong visuals, and proper staging are critical to making a strong first impression and avoiding the need for price reductions later. Homes that hit the market looking sharp and priced right are still seeing good activity—especially in the first two weeks of listing.
What This Means for Buyers
For buyers, the rising inventory is creating a healthier landscape. There’s less urgency and more room to negotiate than there was even six months ago. That said, well-presented homes in popular parts of East Hill are still attracting strong interest, so serious buyers should still be ready to act when the right home appears.
