Is King, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing King is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in King, OR

How much do homes in King, OR cost?

Median Sold Price

$566,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,500(-2.7%)

Key Takeaway

Homes in King have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in King was $566,000 in October 2024, down 2.7% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $291.2K$292K
0.3%
2 $499.5K$504K
+0.9%
3 $567.5K$589.9K
+3.9%
4 $781K$765.5K
-2.0%
5+ $790K$1.0M
+38.0%

Summary: King housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 38%.

Housing Supply in King, OR

How many homes are available in King, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3029-3.3%

Summary: The King real estate market had 29 homes for sale in October 2024, a 3.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1314
+7.7%
3 109
-10.0%
4 65
-16.7%
5+ 11
0.0%

Summary: The King housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
82-75.0%

Asking Price vs. Sold Price

1 Home Was 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 King, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in King in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for King, OR

How long does it take to sell a home in King, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days57 Days+391.4%

Summary: Homes in King had an average of 57 days on market in Oct 2024, up by 391.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in King; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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