Kent WA Housing Market Update: Softer prices, steady inventory, rates inch lower
Kent, WA – February 26, 2026 – Prices eased year-over-year, inventory sat near 200 listings, and mortgage rates dipped. Here’s the quick local read.
Kent, WA continues to look competitive, but recent indicators point to softer pricing and slightly longer timelines from listing to closing. Even with prices easing year-over-year, sellers can still do well when homes are positioned correctly and show well.
Top takeaways
- Prices cooled: The median sale price was about $594K in January 2026, down 13.3% year-over-year.
- More time to sell: Homes took about 44 days to sell on average, and sales volume was down year-over-year.
- Home value estimate dipped: Zillow’s typical home value estimate sits near $636K, down 2.0% over the past year.
- Rates edged lower: Freddie Mac’s 30-year fixed average was 6.01% as of February 19, 2026.
Market snapshot
Inventory was roughly 204 homes for sale with 56 new listings reported at the end of January. Homes were going pending in about 30 days, which lines up with a market that’s still moving—just not at the fastest pace seen in hotter periods.
One detail to watch is pricing discipline. Sale-to-list ratios have been hovering close to 100%, which suggests sellers can still hold onto value when homes are well priced and well presented. For buyers, that can mean fewer dramatic discounts, but it also reinforces the importance of focusing on total monthly cost, especially as mortgage rates remain a major driver of affordability.
Rental check
Average rent was listed around $1,948 in late January, with modest year-over-year growth. For renters comparing options, it can help to look at how fast similar units are leasing and how the asking rent compares to nearby alternatives.
What rent level would feel like a fair deal locally right now?