King Real Estate Statistics

King Real Estate Price Trend
King real estate average sold price in the last 30 days (December 27 - January 25) was $2,741,250, which is $483,000 (17.6%) higher than the average price of $2,258,250 in the previous 30 day period (November 27 - December 26), and $699,021 (25.5%) up from the same period 1 year ago ($2,042,229). King real estate prices over the last 30 days are also $266,584 (9.7%) higher than the average selling price of $2,474,666 over the past year.
King average sold price for homes was $4,932,500 in the last 30 days (December 27 - January 25), which is $2,387,709 (48.4%) up from the average home price of $2,544,791 in the previous 30 day period (November 27 - December 26), and $2,839,194 (57.6%) higher than the same period 1 year ago ($2,093,306). In the last 30 days King the average home price was $2,168,059 (44.0%) higher than the average selling price of $2,764,441 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for King real estate was $2,741,250 in the last 30 days (December 27 - January 25), which is collectively $106,200 (4.6%) lower than the average asking price of $2,319,765. This represents an increase of $10,757 (9.2%) compared to $116,957 (3.8%) Sold-Under-Asking price from the previous 30 day period (November 27 - December 26).
The maximum Sold Over/Under Asking ratio in King during the last 12 months was recorded in March, 2022 with an average of $63,034 over the asking price, while the minimum occurring in August, 2022 with $171,617 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in King was 12.5% with 4 properties sold and 21 new properties listed in the past 30 days (December 27 - January 25). This represents a decrease from 66.7% recorded during the previous 30 day period (November 27 - December 26), and a decrease from 68.0% compared to the same period one year ago.
Over the the last year the highest SNLR in King was 76.4% recorded in February and the lowest was in August at 27.5%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 4 properties that were successfully sold in King in the last 30 days (December 27 - January 25) was 10 days, which is 10 days less than 20 days average in the previous 30 day period (November 27 - December 26) and 26 days shorter than during the same period a year ago (36 days).
There were 20 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (December 27 - January 25) with an average of 80 days on the market. This is 0 days longer than the average of 80 days during the previous 30 day period (November 27 - December 26) and 11 days less compared to the same period last year average of 91 days on the market.
20 King properties that didn't sell stayed on the market 700.0% longer than 4 that sucessfully sold over the last 30 days - 10 days when sold vs 80 days when delisted respectively.
Average Days on the Market in King over the past 12 months for properties that have sold was 23.5 days, with 53.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
32 new properties were listed on the market in King in the last 30 days (December 27 - January 25). During the same time 4 properties were sold and 20 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 8 properties (or 25.0%).
During the previous 30 day period (November 27 - December 26) there were 21 new properties listed, 14 sold and 45 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was August with 91 new properties listed, the slowest - December with 18 new listings and a yearly average of 62 new listings per month.
New Real Estate Listings by Property Type
There were a total of 28 homes listed during the last 30 days (December 27 - January 25), which is 87.5% of all properties listed in King. This is a 55.6% increase compared with a previous 30 day period (November 27 - December 26) and 16.7% up from the same period a year ago. Over the past year an average of 53 homes are were listed per month.
1 townhomes were listed over the last 30 days (December 27 - January 25) in King, which is 3.1% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (November 27 - December 26) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 4 a month.
Real Estate Sales by Property Type
There were a total of 2 homes sold during the last 30 days (December 27 - January 25), which is 50.0% of all properties sold in King. This is a 83.3% decline compared with a previous 30 day period (November 27 - December 26) and 87.5% down from the same period a year ago. Over the past year an average of 23 homes are were sold per month.
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