King Real Estate Statistics

King real estate average sold price in the last 30 days (October 21 - November 19) was $2,259,425, which is $75,621 (3.3%) higher than the average price of $2,183,804 in the previous 30 day period (September 21 - October 20), and $403,225 (17.8%) up from the same period 1 year ago ($1,856,200). King real estate prices over the last 30 days are also $199,093 (8.8%) higher than the average selling price of $2,060,332 over the past year.

King average sold price for homes was $2,420,480 in the last 30 days (October 21 - November 19), which is $128,123 (5.3%) up from the average home price of $2,292,357 in the previous 30 day period (September 21 - October 20), and $317,547 (13.1%) higher than the same period 1 year ago ($2,102,933). In the last 30 days King the average home price was $143,433 (5.9%) higher than the average selling price of $2,277,047 over the last 12 months.

Average sold price of King townhouse was $1,283,000 in the last 30 days (October 21 - November 19), down $105,000 (8.2%) from the average townhome price of $1,388,000 over the previous 30 days (September 21 - October 20), and $167,000 (13.0%) higher than during to the same period 1 year ago ($1,116,000). Over the last 30 days the average townhouse price in King was $157,313 (12.3%) higher compared to the average selling price of $1,125,687 over the last 12 months.

Average selling price for King real estate was $2,259,425 in the last 30 days (October 21 - November 19), which is collectively $201,527 (7.9%) lower than the average asking price of $2,558,321. This represents a decline of $31,980 (18.9%) compared to $169,547 (5.7%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 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 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 50.0% with 35 properties sold and 110 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 20.9% recorded during the previous 30 day period (September 21 - October 20), and an increase from 38.5% compared to the same period one year ago.

Over the the last year the highest SNLR in King was 52.9% 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 35 properties that were successfully sold in King in the last 30 days (October 21 - November 19) was 30 days, which is 2 days less than 32 days average in the previous 30 day period (September 21 - October 20) and 0 days longer than during the same period a year ago (30 days).

There were 59 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 62 days on the market. This is 20 days shorter than the average of 82 days during the previous 30 day period (September 21 - October 20) and 6 days more compared to the same period last year average of 56 days on the market.

59 King properties that didn't sell stayed on the market 106.7% longer than 35 that sucessfully sold over the last 30 days - 30 days when sold vs 62 days when delisted respectively.

Average Days on the Market in King over the past 12 months for properties that have sold was 33.0 days, with 76.8 days for those properties that did not sell.

70 new properties were listed on the market in King in the last 30 days (October 21 - November 19). During the same time 35 properties were sold and 59 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 24 properties (or 34.3%).

During the previous 30 day period (September 21 - October 20) there were 110 new properties listed, 23 sold and 64 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 17 new listings and a yearly average of 66 new listings per month.

There were a total of 57 homes listed during the last 30 days (October 21 - November 19), which is 81.4% of all properties listed in King. This is a 40.0% decline compared with a previous 30 day period (September 21 - October 20) and 26.7% up from the same period a year ago. Over the past year an average of 58 homes are were listed per month.

8 condo units were listed in the last 30 days (October 21 - November 19) in King, which represents 11.4% of all new listings. This is down 0.0% from the prior 30 day period (September 21 - October 20) and 100.0% more compared to the same period last year. There were 5 condos listed per month on average during the last 12 months.

5 townhomes were listed over the last 30 days (October 21 - November 19) in King, which is 7.1% of all new real estate inventory. This is a 28.6% less than during the previous 30 day period (September 21 - October 20) and 66.7% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.

There were a total of 31 homes sold during the last 30 days (October 21 - November 19), which is 88.6% of all properties sold in King. This is a 47.6% increase compared with a previous 30 day period (September 21 - October 20) and 106.7% up from the same period a year ago. Over the past year an average of 20 homes are were sold per month.

2 townhomes were sold over the last 30 days (October 21 - November 19) in King, which is 5.7% of all sold real estate. This is a 100.0% more than during the previous 30 day period (September 21 - October 20) and 60.0% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.