Is Kings County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$357,750
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kings County have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Kings County was $357,750 in March 2024, up 3.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.7K | $103.3K | -16.5% |
| 2 Bedrooms | $224K | $240.4K | +7.3% |
| 3 Bedrooms | $325.2K | $335.3K | +3.1% |
| 4 Bedrooms | $404.5K | $398K | -1.6% |
| 5+ Bedrooms | $490.4K | $468.7K | -4.4% |
Summary: Kings County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Counties
| Monterey County | $804.3K | $835.3K | +3.9% |
| Kings County | $345K | $357.7K | +3.7% |
| Kern County | $352.3K | $358.6K | +1.8% |
| Fresno County | $399.9K | $405.1K | +1.3% |
Housing Supply in Kings County, CA
How many homes are available in Kings County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 111 | -5.1% |
Summary: The Kings County real estate market had 111 homes for sale in March 2024, a 5.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 57 | 55 | -3.5% |
| 4 Bedrooms | 38 | 33 | -13.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Kings County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings County, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Kings County in March 2024, down by 25.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 24 Days | -43.6% |
Summary: Homes in Kings County had an average of 24 days on market in Mar 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kings County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Kings County; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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