King Real Estate Statistics

King real estate average sold price in the last 30 days (January 21 - February 19) was $1,729,875, which is $467,083 (27.0%) lower than the average price of $2,196,958 in the previous 30 day period (December 22 - January 20), and $178,454 (10.3%) up from the same period 1 year ago ($1,551,421). King real estate prices over the last 30 days are also $427,784 (24.7%) lower than the average selling price of $2,157,659 over the past year.

King average sold price for homes was $1,891,500 in the last 30 days (January 21 - February 19), which is $606,950 (32.1%) down from the average home price of $2,498,450 in the previous 30 day period (December 22 - January 20), and $134,858 (7.1%) higher than the same period 1 year ago ($1,756,642). In the last 30 days King the average home price was $497,141 (26.3%) lower than the average selling price of $2,388,641 over the last 12 months.

Average sold price of King townhouse was $1,245,000 in the last 30 days (January 21 - February 19), up $370,000 (29.7%) from the average townhome price of $875,000 over the previous 30 days (December 22 - January 20), and $138,667 (11.1%) higher than during to the same period 1 year ago ($1,106,333). Over the last 30 days the average townhouse price in King was $405,525 (32.6%) higher compared to the average selling price of $839,475 over the last 12 months.

Average selling price for King real estate was $1,729,875 in the last 30 days (January 21 - February 19), which is collectively $17,848 (0.7%) lower than the average asking price of $2,387,404. This represents an increase of $137,777 (88.5%) compared to $155,625 (6.3%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in King during the last 12 months was recorded in May, 2024 with an average of $53,594 under the asking price, while the minimum occurring in November, 2024 with $234,813 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 14.8% with 8 properties sold and 32 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 37.5% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 36.5% compared to the same period one year ago.

Over the the last year the highest SNLR in King was 100.0% recorded in December and the lowest was in September at 21.4%. 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 8 properties that were successfully sold in King in the last 30 days (January 21 - February 19) was 41 days, which is 43 days less than 84 days average in the previous 30 day period (December 22 - January 20) and 14 days longer than during the same period a year ago (27 days).

There were 46 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 81 days on the market. This is 3 days shorter than the average of 84 days during the previous 30 day period (December 22 - January 20) and 20 days less compared to the same period last year average of 101 days on the market.

46 King properties that didn't sell stayed on the market 97.6% longer than 8 that sucessfully sold over the last 30 days - 41 days when sold vs 81 days when delisted respectively.

Average Days on the Market in King over the past 12 months for properties that have sold was 37.5 days, with 67.9 days for those properties that did not sell.

54 new properties were listed on the market in King in the last 30 days (January 21 - February 19). During the same time 8 properties were sold and 46 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 (December 22 - January 20) there were 32 new properties listed, 12 sold and 42 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was October with 100 new properties listed, the slowest - December with 16 new listings and a yearly average of 68 new listings per month.

There were a total of 45 homes listed during the last 30 days (January 21 - February 19), which is 83.3% of all properties listed in King. This is a 55.2% increase compared with a previous 30 day period (December 22 - January 20) and 2.3% up from the same period a year ago. Over the past year an average of 60 homes are were listed per month.

5 condo units were listed in the last 30 days (January 21 - February 19) in King, which represents 9.3% of all new listings. This is up 66.7% from the prior 30 day period (December 22 - January 20) and 16.7% less compared to the same period last year. There were 5 condos listed per month on average during the last 12 months.

There were a total of 6 homes sold during the last 30 days (January 21 - February 19), which is 75.0% of all properties sold in King. This is a 40.0% decline compared with a previous 30 day period (December 22 - January 20) and 57.1% down from the same period a year ago. Over the past year an average of 21 homes are were sold per month.

2 townhomes were sold over the last 30 days (January 21 - February 19) in King, which is 25.0% of all sold real estate. This is a 100.0% more than during the previous 30 day period (December 22 - January 20) and 33.3% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 1 a month.