Is Kingston, WA 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 May 2023

Since last year, Kingston has remained a Seller'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, WA

How much do homes in Kingston, WA cost?

Median Sold Price

$575,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$45,000(-7.3%)

Key Takeaway

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

Summary: The median home sold price in Kingston was $575,000 in May 2024, down 7.3% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $754.7K$511K
-32.3%
2 $525K$512.5K
-2.4%
3 $609.5K$590K
-3.2%
4 $1.0M$897.5K
-12.9%
5+ -$643K
N/A

Summary: Kingston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes did not change.

Housing Supply in Kingston, WA

How many homes are available in Kingston, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9389-4.3%

Summary: The Kingston real estate market had 89 homes for sale in May 2024, a 4.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 2021
+5.0%
3 5251
-1.9%
4 1312
-7.7%
5+ 63
-50.0%

Summary: The Kingston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingston, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Kingston in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 41% were sold at asking, and 29% were sold over asking.

Days on Market for Kingston, WA

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

Average Sale Time

May 2023May 2024CHANGE
41 Days15 Days-61.9%

Summary: Homes in Kingston had an average of 15 days on market in May 2024, down by 61.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 May 2024, 17 homes were sold in Kingston; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in Kingston, WA

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