Is Kings Mill, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kings Mill is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Kings Mill has remained a Seller's Market.

Key Takeaway

Kings Mill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kings Mill, CO

How much do homes in Kings Mill, CO cost?

Median Sold Price

$544,500

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,300(+3.5%)

Key Takeaway

Homes in Kings Mill have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Kings Mill was $544,500 in September 2024, up 3.5% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$305K
N/A
2 $367K$362.5K
-1.2%
3 $527.5K$545K
+3.3%
4 $546K$583K
+6.8%
5+ $506K$665K
+31.4%

Summary: Kings Mill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 31.4%.

Housing Supply in Kings Mill, CO

How many homes are available in Kings Mill, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
32320.0%

Summary: The Kings Mill real estate market had 32 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 1414
0.0%
4 97
-22.2%
5+ 12
+100.0%

Summary: The Kings Mill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kings Mill, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Kings Mill in September 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Kings Mill, CO

How long does it take to sell a home in Kings Mill, CO?

Average Sale Time

Sep 2023Sep 2024CHANGE
15 Days22 Days+47.0%

Summary: Homes in Kings Mill had an average of 22 days on market in Sep 2024, up by 47% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kings Mill are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 9 homes were sold in Kings Mill; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 10/01/2022 - 10/01/2024

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Last updated on: 10/22/2024, 11:12:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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