Is Kingston, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$359,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kingston have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Kingston was $359,500 in May 2024, up 7.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404K | - | N/A |
| 2 Bedrooms | $295K | $316.5K | +7.3% |
| 3 Bedrooms | $335K | $339K | +1.2% |
| 4 Bedrooms | $464.5K | $482K | +3.8% |
| 5+ Bedrooms | $397.5K | $404.4K | +1.7% |
Summary: Kingston 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 increased by 7.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Kingston, NY
How many homes are available in Kingston, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Kingston real estate market had 52 homes for sale in May 2024, a 15.6% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Kingston 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 decreased by 10%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingston, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kingston in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 98 Days | 41 Days | -57.7% |
Summary: Homes in Kingston had an average of 41 days on market in May 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kingston has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Kingston; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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.