Is Kings Point, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Kings Point has remained a Buyer'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.
Housing Prices in Kings Point, NY
How much do homes in Kings Point, NY cost?
Median Sold Price
$2,829,250
$656/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Kings Point have sold for 23% more than they did a year ago.
Summary: The median home sold price in Kings Point was $2,829,250 in June 2024, up 23% from last year, and the median price per square foot was $656.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $1.3M | N/A |
| 4 Bedrooms | $2.2M | $2.6M | +18.3% |
| 5+ Bedrooms | $2.7M | $3.4M | +28.7% |
Summary: Kings Point housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 28.7%.
Median Sold Price Compared To Nearby Cities
| Kings Point | $2.3M | $2.8M | +23.0% |
| North Hempstead | $872.8K | $963.1K | +10.3% |
| Great Neck | $917.5K | $998.7K | +8.9% |
Housing Supply in Kings Point, NY
How many homes are available in Kings Point, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Kings Point real estate market had 27 homes for sale in June 2024, a 12.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Kings Point housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Point, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kings Point in June 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Kings Point, NY
How long does it take to sell a home in Kings Point, NY?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 11 Days | 30 Days | +172.7% |
Summary: Homes in Kings Point had an average of 30 days on market in Jun 2024, up by 172.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kings Point are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 2 homes were sold in Kings Point; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.