Is King, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, King was a Seller's Market.
Key Takeaway
King is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in King, OR
How much do homes in King, OR cost?
Median Sold Price
$565,500
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in King have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in King was $565,500 in April 2024, down 6.5% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $322.5K | $292K | -9.5% |
| 2 Bedrooms | $480K | $542.5K | +13.0% |
| 3 Bedrooms | $605K | $550K | -9.1% |
| 4 Bedrooms | $745K | $825K | +10.7% |
| 5+ Bedrooms | $899K | $844.5K | -6.1% |
Summary: King housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in King, OR
How many homes are available in King, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Summary: The King real estate market had 19 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The King housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in King in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for King, OR
How long does it take to sell a home in King, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 16 Days | -68.7% |
Summary: Homes in King had an average of 16 days on market in Apr 2024, down by 68.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in King; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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