$4,750,000
1.40 Acres
Land
Listing Office: S Sharf Realty Inc
Is Kings Point, NY 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 Point was a Seller's Market.
Key Takeaway
Kings Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kings Point, NY
How much do homes in Kings Point, NY cost?
Median Sold Price
$2,763,000
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-0.4%)
Key Takeaway
The sold price of homes in Kings Point has remained the same since last year.
Summary: The median home sold price in Kings Point was $2,763,000 in November 2024, down 0.4% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $3.3M | +1153.7% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.3M | $1.3M | -6.8% |
| 4 Bedrooms | $2.7M | $1.9M | -29.0% |
| 5+ Bedrooms | $3.1M | $3.8M | +20.6% |
Summary: Kings Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1153.7%, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 29%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
| North Hempstead | $900.5K | $989.4K | +9.9% |
| Great Neck | $940.3K | $994K | +5.7% |
| Kings Point | $2.7M | $2.7M | -0.4% |
Housing Supply in Kings Point, NY
How many homes are available in Kings Point, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Summary: The Kings Point real estate market had 23 homes for sale in November 2024, a 11.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Kings Point 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 decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Kings Point in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kings Point, NY
How long does it take to sell a home in Kings Point, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 127 Days | 208 Days | +63.6% |
Summary: Homes in Kings Point had an average of 208 days on market in Nov 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Kings Point are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Kings Point; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.