Is Kingston, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingston is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Kingston was a Seller's Market.

Key Takeaway

Kingston is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kingston, NY

How much do homes in Kingston, NY cost?

Median Sold Price

$367,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,000(+4.9%)

Key Takeaway

Homes in Kingston have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Kingston was $367,000 in October 2024, up 4.9% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $557K$272.5K
-51.1%
2 $330K$308.6K
-6.5%
3 $310K$339K
+9.4%
4 $423K$479K
+13.2%
5+ $324K$575K
+77.5%

Summary: Kingston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.1%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 77.5%.

Median Sold Price Compared To Nearby Cities

Kingston
+4.9%
Ulster
+2.2%

Housing Supply in Kingston, NY

How many homes are available in Kingston, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6576+16.9%

Summary: The Kingston real estate market had 76 homes for sale in October 2024, a 16.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 56
+20.0%
3 3645
+25.0%
4 1010
0.0%
5+ 1214
+16.7%

Summary: The Kingston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingston, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Kingston in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Kingston, NY

How long does it take to sell a home in Kingston, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days70 Days+32.5%

Summary: Homes in Kingston had an average of 70 days on market in Oct 2024, up by 32.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kingston has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Kingston; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

Newest Listings in Kingston, NY

Nearby Markets to Kingston, NY

What housing markets are near Kingston, NY?