$4,334 Closing Credit*
$365,000
900 SqFt
2 Beds
•1 Full Bath, 1 Partial
Cindy Miller, Listing Office: HomeSmart
Is Kings Mill, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+1.9%)
Key Takeaway
Homes in Kings Mill have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Kings Mill was $540,000 in October 2024, up 1.9% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $300K | N/A |
| 2 Bedrooms | $367K | $360K | -1.9% |
| 3 Bedrooms | $527.5K | $542K | +2.7% |
| 4 Bedrooms | $547K | $576.5K | +5.4% |
| 5+ Bedrooms | $590K | $710K | +20.3% |
Summary: Kings Mill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 20.3%.
Housing Supply in Kings Mill, CO
How many homes are available in Kings Mill, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Summary: The Kings Mill real estate market had 19 homes for sale in October 2024, a 32.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Kings Mill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Mill, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Kings Mill in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -40.5% |
Summary: Homes in Kings Mill had an average of 14 days on market in Oct 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kings Mill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Kings Mill; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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