Is Kingston, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingston is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Kingston was a Buyer's Market.

Key Takeaway

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

Housing Prices in Kingston, NY

How much do homes in Kingston, NY cost?

Median Sold Price

$359,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,500(+7.3%)

Key Takeaway

Homes in Kingston have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Kingston was $359,500 in February 2024, up 7.3% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $251K$557K
+121.9%
2 $295K$316.5K
+7.3%
3 $335K$339K
+1.2%
4 $500K$432K
-13.6%
5+ $500K$307K
-38.6%

Summary: Kingston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 38.6%.

Housing Supply in Kingston, NY

How many homes are available in Kingston, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4745-4.3%

Summary: The Kingston real estate market had 45 homes for sale in February 2024, a 4.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 57
+40.0%
3 2321
-8.7%
4 1010
0.0%
5+ 86
-25.0%

Summary: The Kingston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingston, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Kingston in February 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Kingston, NY

How long does it take to sell a home in Kingston, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
71 Days58 Days-17.6%

Summary: Homes in Kingston had an average of 58 days on market in Feb 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Kingston; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Kingston, NY

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What housing markets are near Kingston, NY?