$6,531 Closing Credit*
$550,000
1,900 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robin Cunningham, Listing Office: RE/MAX NORTHWEST INC
Is Kings Mill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kings Mill was a Neutral 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
$540,000
$317/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Kings Mill has remained the same since last year.
Summary: The median home sold price in Kings Mill was $540,000 in November 2024, the same as last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $355K | $360K | +1.4% |
| 3 Bedrooms | $527.5K | $539K | +2.2% |
| 4 Bedrooms | $560K | $570K | +1.8% |
| 5+ Bedrooms | $590K | $710K | +20.3% |
Summary: Kings Mill 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 increased by 1.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Kings Mill | $540K | $540K | 0.0% |
| Sunstream | $588.7K | $560K | -4.9% |
Housing Supply in Kings Mill, CO
How many homes are available in Kings Mill, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Kings Mill real estate market had 18 homes for sale in November 2024, a 10.0% decrease 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Kings Mill 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 increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Mill, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Kings Mill in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 52 Days | +36.4% |
Summary: Homes in Kings Mill had an average of 52 days on market in Nov 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
2 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 Kings Mill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Kings Mill; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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