Is King City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, King City was a Seller's Market.
Housing Prices in King City, CA
How much do homes in King City, CA cost?
Median Sold Price
$500,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in King City was $500,000 in April 2024, up 9.4% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $382.5K | +29.7% |
3 Bedrooms | $457K | $497.5K | +8.9% |
4 Bedrooms | $534.5K | $574K | +7.4% |
5+ Bedrooms | - | $653.3K | N/A |
Summary: King City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes did not change.
Housing Supply in King City, CA
How many homes are available in King City, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Summary: The King City real estate market had 19 homes for sale in April 2024, a 13.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 15 | 9 | -40.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The King City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in King City in April 2024, down by 40.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for King City, CA
How long does it take to sell a home in King City, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 82 Days | +194.2% |
Summary: Homes in King City had an average of 82 days on market in Apr 2024, up by 194.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in King City; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.