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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingston is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Kingston 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 Kingston, TN

How much do homes in Kingston, TN cost?

Median Sold Price

$343,450

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$41,116(+13.6%)

Key Takeaway

Homes in Kingston have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Kingston was $343,450 in September 2024, up 13.6% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $168.5K$152.5K
-9.5%
2 $224K$320K
+42.9%
3 $287.5K$307.5K
+7.0%
4 $395K$531K
+34.4%
5+ $601.3K$597.5K
-0.6%

Summary: Kingston housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes decreased by 0.6%.

Housing Supply in Kingston, TN

How many homes are available in Kingston, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8769-20.7%

Summary: The Kingston real estate market had 69 homes for sale in September 2024, a 20.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 1814
-22.2%
3 4735
-25.5%
4 1314
+7.7%
5+ 86
-25.0%

Summary: The Kingston housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 25.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 90% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Kingston in September 2024, down by 47.6% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.

Days on Market for Kingston, TN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days41 Days+132.4%

Summary: Homes in Kingston had an average of 41 days on market in Sep 2024, up by 132.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kingston are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 11 homes were sold in Kingston; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 30 Days Ago

Newest Listings in Kingston, TN

Nearby Markets to Kingston, TN