Is Kings Point, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kings Point is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Kings Point was a Seller's Market.

Key Takeaway

Kings Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Kings Point, NY cost?

Median Sold Price

$2,050,000

$566/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$160,000(+8.5%)

Key Takeaway

Homes in Kings Point have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $250K-
N/A
2 --
N/A
3 $1.2M$1.6M
+28.7%
4 $1.3M$1.4M
+10.4%
5+ $2.4M$2.4M
0.5%

Median Sold Price Compared To Nearby Cities

Kings Point
+8.5%
Great Neck
+7.6%
North Hempstead
+3.0%

How many homes are available in Kings Point, NY?

Number of Homes For Sale

Aug 2022Sep 2022%
3938-2.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 108
-20.0%
5+ 2728
+3.7%

Number of Homes Sold

Aug 2022Sep 2022%
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Sep 2021Sep 2022%
89 Days425 Days+376.9%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kings Point has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Kings Point, NY

Kings Point, NY has 38 homes for sale to choose from. The number of homes for sale in Kings Point, NY decreased by 2.6% between August 2022 and September 2022. Listings spent 425 days on the market in September 2022, and had a median list price of $2,050,000 during the same period. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties increased by 28.7%, prices of 4 bedrooms properties increased by 10.4%, prices of 5 bedrooms properties increased by 0.5%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes decreased by 20%, 5 bedrooms homes became 3.7% more available. Kings Point, NY housing market in September 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.

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