Is Kings County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kings County is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Kings County has remained a Seller's Market.

Key Takeaway

Kings County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kings County, CA

How much do homes in Kings County, CA cost?

Median Sold Price

$353,750

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$1,250(-0.4%)

Key Takeaway

The sold price of homes in Kings County has remained the same since last year.

Summary: The median home sold price in Kings County was $353,750 in September 2024, down 0.4% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $120K$120K
0.0%
2 $242K$250K
+3.3%
3 $335K$335K
0.0%
4 $399.5K$405K
+1.4%
5+ $451.2K$473K
+4.8%

Summary: Kings County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Counties

Monterey County
+9.3%
Fresno County
+2.7%
Kern County
+2.3%
Kings County
-0.4%

Housing Supply in Kings County, CA

How many homes are available in Kings County, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
158145-8.2%

Summary: The Kings County real estate market had 145 homes for sale in September 2024, a 8.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1413
-7.1%
3 8283
+1.2%
4 4836
-25.0%
5+ 1412
-14.3%

Summary: The Kings County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4132-22.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kings County, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Kings County in September 2024, down by 22.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.

Days on Market for Kings County, CA

How long does it take to sell a home in Kings County, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days50 Days+134.2%

Summary: Homes in Kings County had an average of 50 days on market in Sep 2024, up by 134.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kings County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 32 homes were sold in Kings County; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% 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 30 Days Ago

Newest Listings in Kings County, CA

Nearby Markets to Kings County, CA

What housing markets are near Kings County, CA?