$2,750,000
1,440 SqFt
3 Beds
•2 Full Baths
#487788, Listing Office: Century 21 MK Realty
Is Kings County, NY 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, Kings County has remained a Buyer's Market.
Key Takeaway
Kings County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kings County, NY
How much do homes in Kings County, NY cost?
Median Sold Price
$980,402
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,367(+3.1%)
Key Takeaway
Homes in Kings County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Kings County was $980,402 in November 2024, up 3.1% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $572.2K | $555.9K | -2.8% |
| 2 Bedrooms | $911K | $940K | +3.2% |
| 3 Bedrooms | $949.4K | $984.1K | +3.7% |
| 4 Bedrooms | $1.2M | $1.2M | +0.9% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.8% |
Summary: Kings County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
| Queens County | $662.6K | $706.2K | +6.6% |
| Kings County | $951K | $980.4K | +3.1% |
Housing Supply in Kings County, NY
How many homes are available in Kings County, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,622 | 4,135 | -10.5% |
Summary: The Kings County real estate market had 4,135 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 849 | 735 | -13.4% |
| 2 Bedrooms | 1,065 | 900 | -15.5% |
| 3 Bedrooms | 914 | 815 | -10.8% |
| 4 Bedrooms | 441 | 404 | -8.4% |
| 5+ Bedrooms | 1,353 | 1,281 | -5.3% |
Summary: The Kings County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 466 | 385 | -17.4% |
Asking Price vs. Sold Price
161 Homes Were Sold
Under Asking
196 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings County, expect to pay close to the asking price. 50.9% of homes here sold near the asking price last month.
Summary: A total of 385 homes were sold or pending in Kings County in November 2024, down by 17.4% month-over-month. Of the 385 sold homes, 42% were sold under asking, 51% were sold at asking, and 7% were sold over asking.
Days on Market for Kings County, NY
How long does it take to sell a home in Kings County, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 111 Days | +6.9% |
Summary: Homes in Kings County had an average of 111 days on market in Nov 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
90 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kings County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 385 homes were sold in Kings County; 11% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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