King Real Estate Statistics
King Real Estate Price Trend
King real estate average sold price in the last 30 days (September 28 - October 27) was $2,564,665, which is $667,061 (26.0%) higher than the average price of $1,897,604 in the previous 30 day period (August 29 - September 27), and $508,594 (19.8%) up from the same period 1 year ago ($2,056,071). King real estate prices over the last 30 days are also $527,255 (20.6%) higher than the average selling price of $2,037,410 over the past year.
King average sold price for homes was $2,685,387 in the last 30 days (September 28 - October 27), which is $682,547 (25.4%) up from the average home price of $2,002,840 in the previous 30 day period (August 29 - September 27), and $411,751 (15.3%) higher than the same period 1 year ago ($2,273,636). In the last 30 days King the average home price was $428,357 (16.0%) higher than the average selling price of $2,257,030 over the last 12 months.
Average King condo sold price over the last 30 days (September 28 - October 27) was $844,000. During this period it was $104,000 (12.3%) up from the average price of condo of $740,000 during the previous 30 days (August 29 - September 27), and $194,000 (23.0%) higher compared to the same period 1 year ago ($650,000). In the last 30 days King the average condo price was $163,473 (19.4%) higher than the average selling price of $680,527 over the last year.
Sold Price Above/Below Asking ($)
Average selling price for King real estate was $2,564,665 in the last 30 days (September 28 - October 27), which is collectively $194,230 (6.7%) lower than the average asking price of $2,904,303. This represents a decline of $108,731 (127.2%) compared to $85,499 (3.1%) Sold-Under-Asking price from the previous 30 day period (August 29 - September 27).
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
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 28.0% with 26 properties sold and 97 new properties listed in the past 30 days (September 28 - October 27). This represents an increase from 24.7% recorded during the previous 30 day period (August 29 - September 27), and a decrease from 35.0% 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.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 26 properties that were successfully sold in King in the last 30 days (September 28 - October 27) was 27 days, which is 16 days less than 43 days average in the previous 30 day period (August 29 - September 27) and 5 days longer than during the same period a year ago (22 days).
There were 60 delisted properties in King, those that got either Expired, Suspended or Terminated over the last 30 days (September 28 - October 27) with an average of 86 days on the market. This is 6 days longer than the average of 80 days during the previous 30 day period (August 29 - September 27) and 34 days more compared to the same period last year average of 52 days on the market.
60 King properties that didn't sell stayed on the market 218.5% longer than 26 that sucessfully sold over the last 30 days - 27 days when sold vs 86 days when delisted respectively.
Average Days on the Market in King over the past 12 months for properties that have sold was 32.5 days, with 74.9 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
93 new properties were listed on the market in King in the last 30 days (September 28 - October 27). During the same time 26 properties were sold and 60 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 7 properties (or 7.5%).
During the previous 30 day period (August 29 - September 27) there were 97 new properties listed, 24 sold and 68 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was September with 98 new properties listed, the slowest - December with 17 new listings and a yearly average of 64 new listings per month.
New Real Estate Listings by Property Type
There were a total of 75 homes listed during the last 30 days (September 28 - October 27), which is 80.6% of all properties listed in King. This is a 14.8% decline compared with a previous 30 day period (August 29 - September 27) and 7.1% up from the same period a year ago. Over the past year an average of 56 homes are were listed per month.
11 condo units were listed in the last 30 days (September 28 - October 27) in King, which represents 11.8% of all new listings. This is up 120.0% from the prior 30 day period (August 29 - September 27) and 83.3% more compared to the same period last year. There were 5 condos listed per month on average during the last 12 months.
7 townhomes were listed over the last 30 days (September 28 - October 27) in King, which is 7.5% of all new real estate inventory. This is a 75.0% more than during the previous 30 day period (August 29 - September 27) and 75.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.
Real Estate Sales by Property Type
There were a total of 24 homes sold during the last 30 days (September 28 - October 27), which is 92.3% of all properties sold in King. This is a 9.1% increase compared with a previous 30 day period (August 29 - September 27) and 9.1% up from the same period a year ago. Over the past year an average of 19 homes are were sold per month.
1 condo units were sold in the last 30 days (September 28 - October 27) in King, which represents 3.8% of all sold properties. This is down 50.0% from the prior 30 day period (August 29 - September 27) and 0.0% less compared to the same period last year. There were 2 condos sold per month on average during the last 12 months.