Is King City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, King City has remained a Seller's Market.
Housing Prices in King City, OR
How much do homes in King City, OR cost?
Median Sold Price
$402,750
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in King City was $402,750 in April 2024, down 1.9% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190.4K | $187.5K | -1.5% |
2 Bedrooms | $387.5K | $389.9K | +0.6% |
3 Bedrooms | $545.5K | $512.2K | -6.1% |
4 Bedrooms | $677.5K | $650K | -4.1% |
5+ Bedrooms | $740K | - | N/A |
Summary: King City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beaverton-Hillsboro | $568.3K | $571.6K | +0.6% |
Tualatin | $631.8K | $635K | 0.5% |
King City | $410.5K | $402.7K | -1.9% |
Tigard | $612K | $590.2K | -3.6% |
Housing Supply in King City, OR
How many homes are available in King City, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The King City real estate market had 38 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 22 | 28 | +27.3% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The King City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in King City in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 47 Days | +36.9% |
Summary: Homes in King City had an average of 47 days on market in Apr 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in King City; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.