Is Kingston, TN 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, Kingston has remained a Seller's Market.
Housing Prices in Kingston, TN
How much do homes in Kingston, TN cost?
Median Sold Price
$317,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kingston was $317,500 in May 2024, up 2.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $166.2K | +5.2% |
2 Bedrooms | $224K | $272K | +21.4% |
3 Bedrooms | $300.2K | $290K | -3.4% |
4 Bedrooms | $400K | $468.2K | +17.1% |
5+ Bedrooms | $385K | $587.6K | +52.6% |
Summary: Kingston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 52.6%.
Housing Supply in Kingston, TN
How many homes are available in Kingston, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 79 | +8.2% |
Summary: The Kingston real estate market had 79 homes for sale in May 2024, a 8.2% 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 | 15 | 14 | -6.7% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
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 6.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Kingston in May 2024, up by 6.7% month-over-month. Of the 16 sold homes, 81% were sold under asking, 0% were sold at asking, and 19% were sold over asking.
Days on Market for Kingston, TN
How long does it take to sell a home in Kingston, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 38 Days | +14.4% |
Summary: Homes in Kingston had an average of 38 days on market in May 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Kingston; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.