$5,650,000
6 Beds
•4 Full Baths, 1 Partial
Listing Office: S Sharf Realty Inc
Is Kings Point, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Kings Point was a Buyer's Market.
Key Takeaway
Kings Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kings Point, NY
How much do homes in Kings Point, NY cost?
Median Sold Price
$2,916,250
$689/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$213,750(+7.9%)
Key Takeaway
Homes in Kings Point have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Kings Point was $2,916,250 in August 2024, up 7.9% from last year, and the median price per square foot was $689.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.3M | N/A |
| 4 Bedrooms | $2.2M | $2.4M | +9.7% |
| 5+ Bedrooms | $2.9M | $3.2M | +9.8% |
Summary: Kings Point housing prices by bedroom type for August 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 did not change, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Great Neck | $933.3K | $1.0M | +12.2% |
| North Hempstead | $880K | $985.1K | +11.9% |
| Kings Point | $2.7M | $2.9M | +7.9% |
Housing Supply in Kings Point, NY
How many homes are available in Kings Point, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Kings Point real estate market had 26 homes for sale in August 2024, a 7.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Kings Point housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Kings Point in August 2024, the same as the previous month. Of the 5 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 95 Days | 134 Days | +41.5% |
Summary: Homes in Kings Point had an average of 134 days on market in Aug 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kings Point are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Kings Point; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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.