Is Kingman, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingman is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kingman has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kingman, IN

How much do homes in Kingman, IN cost?

Median Sold Price

$92,500

$72/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$181,000(-66.2%)

Key Takeaway

Homes in Kingman have sold for 66.2% less than they did a month ago.

Summary: The median home sold price in Kingman was $92,500 in April 2024, down 66.2% from last month, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $62K$73.7K
+19.0%
3 -$390K
N/A
4 $485K-
N/A
5+ --
N/A

Summary: Kingman housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Millcreek Township
-64.9%
Kingman
-66.2%

Housing Supply in Kingman, IN

How many homes are available in Kingman, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
880.0%

Summary: The Kingman real estate market had 8 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 33
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Kingman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingman, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kingman in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Kingman, IN

How long does it take to sell a home in Kingman, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
80 Days46 Days-42.0%

Summary: Homes in Kingman had an average of 46 days on market in Apr 2024, down by 42% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kingman has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Kingman; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Kingman, IN

Nearby Markets to Kingman, IN