Is Kings Point, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kings Point has remained a Buyer's Market.
Housing Prices in Kings Point, NY
How much do homes in Kings Point, NY cost?
Median Sold Price
$2,826,000
$656/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kings Point was $2,826,000 in May 2024, up 22.9% from last year, and the median price per square foot was $656.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $270K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.6M | $1.3M | -15.5% |
4 Bedrooms | $2.2M | $2.6M | +18.3% |
5+ Bedrooms | $2.7M | $3.2M | +18.5% |
Summary: Kings Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
Kings Point | $2.3M | $2.8M | +22.9% |
Great Neck | $920K | $1.0M | +11.0% |
North Hempstead | $869K | $949K | +9.2% |
Housing Supply in Kings Point, NY
How many homes are available in Kings Point, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Summary: The Kings Point real estate market had 24 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Kings Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Kings Point in May 2024, the same as the previous month. Of the 2 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 80 Days | +566.7% |
Summary: Homes in Kings Point had an average of 80 days on market in May 2024, up by 566.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Kings Point; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.