Is King City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, King City was a Seller's Market.
Key Takeaway
King City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in King City, OR
How much do homes in King City, OR cost?
Median Sold Price
$410,000
$318/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in King City has remained the same since last year.
Summary: The median home sold price in King City was $410,000 in March 2024, the same as last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.5K | $186K | -2.4% |
| 2 Bedrooms | $387.5K | $389.9K | +0.6% |
| 3 Bedrooms | $565K | $521.8K | -7.6% |
| 4 Bedrooms | $670K | $650K | -3.0% |
| 5+ Bedrooms | $740K | - | N/A |
Summary: King City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| King City | $410K | $410K | 0.0% |
| Tualatin | $633.5K | $633.7K | 0.0% |
| Beaverton-Hillsboro | $574K | $573K | -0.2% |
| Tigard | $611.6K | $596.5K | -2.5% |
Housing Supply in King City, OR
How many homes are available in King City, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 55 | -1.8% |
Summary: The King City real estate market had 55 homes for sale in March 2024, a 1.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 41 | 41 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The King City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in King City, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in King City in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for King City, OR
How long does it take to sell a home in King City, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 33 Days | -14.6% |
Summary: Homes in King City had an average of 33 days on market in Mar 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in King City has remained consistent over time.
Summary: During March 2024, 7 homes were sold in King City; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.