King Real Estate Statistics

King real estate average sold price in the last 30 days (March 26 - April 24) was $1,952,291, which is $163,587 (8.4%) lower than the average price of $2,115,878 in the previous 30 day period (February 25 - March 25), and $182,530 (9.3%) down from the same period 1 year ago ($2,134,821). King real estate prices over the last 30 days are also $30,815 (1.6%) lower than the average selling price of $1,983,106 over the past year.

King average sold price for homes was $2,328,000 in the last 30 days (March 26 - April 24), which is $147,961 (6.4%) down from the average home price of $2,475,961 in the previous 30 day period (February 25 - March 25), and $171,889 (7.4%) higher than the same period 1 year ago ($2,156,111). In the last 30 days King the average home price was $174,301 (7.5%) higher than the average selling price of $2,153,699 over the last 12 months.

Average sold price of King townhouse was $1,650,000 in the last 30 days (March 26 - April 24), up $298,500 (18.1%) from the average townhome price of $1,351,500 over the previous 30 days (February 25 - March 25), and $90,000 (5.5%) higher than during to the same period 1 year ago ($1,560,000). Over the last 30 days the average townhouse price in King was $441,344 (26.7%) higher compared to the average selling price of $1,208,656 over the last 12 months.

Average selling price for King real estate was $1,952,291 in the last 30 days (March 26 - April 24), which is collectively $51,695 (1.9%) lower than the average asking price of $2,733,825. This represents an increase of $104,235 (66.8%) compared to $155,930 (5.7%) Sold-Under-Asking price from the previous 30 day period (February 25 - March 25).

The maximum Sold Over/Under Asking ratio in King during the last 12 months was recorded in July, 2023 with an average of $31,059 under the asking price, while the minimum occurring in December, 2023 with $234,622 below the asking price.

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 32.9% with 24 properties sold and 68 new properties listed in the past 30 days (March 26 - April 24). This represents a decrease from 48.5% recorded during the previous 30 day period (February 25 - March 25), and a decrease from 39.4% compared to the same period one year ago.

Over the the last year the highest SNLR in King was 128.4% recorded in July and the lowest was in January at 30.8%. 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.

The Average Days on the Market (DOM) for 24 properties that were successfully sold in King in the last 30 days (March 26 - April 24) was 23 days, which is 19 days less than 42 days average in the previous 30 day period (February 25 - March 25) and 6 days longer than during the same period a year ago (17 days).

There were 49 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 50 days on the market. This is 38 days shorter than the average of 88 days during the previous 30 day period (February 25 - March 25) and 10 days less compared to the same period last year average of 60 days on the market.

49 King properties that didn't sell stayed on the market 117.4% longer than 24 that sucessfully sold over the last 30 days - 23 days when sold vs 50 days when delisted respectively.

Average Days on the Market in King over the past 12 months for properties that have sold was 28.2 days, with 68.9 days for those properties that did not sell.

73 new properties were listed on the market in King in the last 30 days (March 26 - April 24). During the same time 24 properties were sold and 49 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 0 properties (or 0.0%).

During the previous 30 day period (February 25 - March 25) there were 68 new properties listed, 33 sold and 32 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 91 new properties listed, the slowest - December with 17 new listings and a yearly average of 65 new listings per month.

There were a total of 66 homes listed during the last 30 days (March 26 - April 24), which is 90.4% of all properties listed in King. This is a 10.0% increase compared with a previous 30 day period (February 25 - March 25) and 6.5% up from the same period a year ago. Over the past year an average of 56 homes are were listed per month.

7 condo units were listed in the last 30 days (March 26 - April 24) in King, which represents 9.6% of all new listings. This is down 0.0% from the prior 30 day period (February 25 - March 25) and 16.7% more compared to the same period last year. There were 6 condos listed per month on average during the last 12 months.

There were a total of 18 homes sold during the last 30 days (March 26 - April 24), which is 75.0% of all properties sold in King. This is a 30.8% decline compared with a previous 30 day period (February 25 - March 25) and 33.3% down from the same period a year ago. Over the past year an average of 29 homes are were sold per month.

1 townhomes were sold over the last 30 days (March 26 - April 24) in King, which is 4.2% of all sold real estate. This is a 50.0% less than during the previous 30 day period (February 25 - March 25) and 0.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.