$349,000
10.00 Acres
Land
Stacie Kenny, Listing Office: Keller Williams Realty Central Coast
Is King City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, King City has remained a Seller's Market.
Key Takeaway
King City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in King City, CA
How much do homes in King City, CA cost?
Median Sold Price
$510,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.0%)
Key Takeaway
Homes in King City have sold for 2% more than they did a year ago.
Summary: The median home sold price in King City was $510,000 in November 2024, up 2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $380K | $365K | -3.9% |
| 3 Bedrooms | $495K | $491.9K | -0.6% |
| 4 Bedrooms | $576.9K | $592.4K | +2.7% |
| 5+ Bedrooms | $653.3K | $602.4K | -7.8% |
Summary: King City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in King City, CA
How many homes are available in King City, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The King City real estate market had 23 homes for sale in November 2024, a 27.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The King City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King City, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in King City in November 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for King City, CA
How long does it take to sell a home in King City, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 97 Days | +202.3% |
Summary: Homes in King City had an average of 97 days on market in Nov 2024, up by 202.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in King City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in King City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.