Is Kings Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Kings Park was a Seller's Market.
Housing Prices in Kings Park, NY
How much do homes in Kings Park, NY cost?
Median Sold Price
$635,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kings Park was $635,000 in March 2024, up 7.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $282K | +28.2% |
2 Bedrooms | $520K | $530K | +1.9% |
3 Bedrooms | $590K | $595K | +0.8% |
4 Bedrooms | $639.9K | $710K | +10.9% |
5+ Bedrooms | $592.5K | $684.5K | +15.5% |
Summary: Kings Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
Fort Salonga | $842.5K | $987K | +17.2% |
Kings Park | $590K | $635K | +7.6% |
Town of Smithtown | $640K | $681.9K | +6.6% |
Commack | $670K | $703.3K | +5.0% |
Housing Supply in Kings Park, NY
How many homes are available in Kings Park, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Summary: The Kings Park real estate market had 42 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Kings Park 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 decreased by 50%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Kings Park in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Kings Park, NY
How long does it take to sell a home in Kings Park, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 140 Days | +116.0% |
Summary: Homes in Kings Park had an average of 140 days on market in Mar 2024, up by 116% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Kings Park; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.