Is Kings County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kings County has remained a Seller's Market.
Housing Prices in Kings County, CA
How much do homes in Kings County, CA cost?
Median Sold Price
$358,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kings County was $358,000 in May 2024, up 3.8% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.7K | $103.3K | -16.5% |
2 Bedrooms | $230K | $235K | +2.2% |
3 Bedrooms | $326K | $335K | +2.7% |
4 Bedrooms | $400K | $405K | +1.3% |
5+ Bedrooms | $460K | $471.5K | +2.5% |
Summary: Kings County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
Monterey County | $799.8K | $851.9K | +6.5% |
Kings County | $345K | $358K | +3.8% |
Kern County | $350K | $359.9K | +2.9% |
Fresno County | $399.8K | $407K | +1.8% |
Housing Supply in Kings County, CA
How many homes are available in Kings County, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 156 | +9.9% |
Summary: The Kings County real estate market had 156 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 68 | 75 | +10.3% |
4 Bedrooms | 45 | 49 | +8.9% |
5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Kings County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 33 | +10.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Kings County in May 2024, up by 10.0% month-over-month. Of the 33 sold homes, 30% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Kings County, CA
How long does it take to sell a home in Kings County, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 29 Days | -29.6% |
Summary: Homes in Kings County had an average of 29 days on market in May 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Kings County; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.