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 January 2023

At the same time last year, Kings Point was a Neutral 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

$3,100,000

$672/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$792,500(+34.3%)

Key Takeaway

Homes in Kings Point have sold for 34.3% more than they did a year ago.

Summary: The median home sold price in Kings Point was $3,100,000 in January 2024, up 34.3% from last year, and the median price per square foot was $672.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$270K
N/A
2 --
N/A
3 $1.6M$1.3M
-17.2%
4 $1.6M$2.6M
+53.8%
5+ $2.5M$3.4M
+34.0%

Summary: Kings Point housing prices by bedroom type for January 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 decreased by 17.2%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Cities

Kings Point
+34.3%
Great Neck
+2.9%
North Hempstead
+1.8%

Housing Supply in Kings Point, NY

How many homes are available in Kings Point, NY?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2120-4.8%

Summary: The Kings Point real estate market had 20 homes for sale in January 2024, a 4.8% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 34
+33.3%
5+ 1715
-11.8%

Summary: The Kings Point housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was 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.

Summary: A total of 1 homes were sold or pending in Kings Point in January 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Jan 2023Jan 2024CHANGE
188 Days250 Days+33.0%

Summary: Homes in Kings Point had an average of 250 days on market in Jan 2024, up by 33% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kings Point are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 1 homes were sold in Kings Point; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 29 Days Ago

Newest Listings in Kings Point, NY

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