Kings County, NY Home Values & Market Trends
The median home price in Kings County, NY is $1,060,350.37. There were 12,229 home sales in Kings County, NY over the past 12 months. The median residential Kings County, NY home value for transactions over the previous year is $666,597.135. The number of current listings in Kings County, NY is 1,175, and the percentage of properties for sale is 1175.00%. The county has 4,606 foreclosures, 27 bank owned properties, 280 headed for auction, and 1,175 properties for sale.
Kings County, NY Real Estate Market Overview
City | Median Est. Value |
---|---|
Brooklyn | $ 945,016 $ 579/sqft |
Housing Market Summary for Kings County, NY
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $1.1M | $1.1M | 0.44% |
Median Sold Price | $1.1M | $1.1M | 0.76% |
Homes For Sale | 1,276 | 1,115 | -12.62% |
Homes Sold | 6,478 | 6,019 | -7.09% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Kings County, NY
Kings County, NY home values range from $24,862 to $82,803,031. Brooklyn is the priciest city with a median listing home price of $1,099,999, and Brooklyn is most affordable with average house prices of around $1,099,999.
- Pre-ForeclosurePre-foreclosure homes account for 1.75% of all residential properties in Kings County, NY with Brooklyn containing 4299 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within Kings County, NY; of that cities, the estimated home value for pre-foreclosure homes ranges from $22,241,946 in Brooklyn to the lowest home value of $75,012 in Brooklyn.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Kings County, NY ranges from the highest value of $1,661,000 in Brooklyn to the lowest value of $294,020 in Brooklyn. Bank owned homes and properties account for 0.01% of properties in Kings County, NY. There is 1 cities within Kings County, NY; Brooklyn containing 27 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsBrooklyn has 280 auction properties, the highest number of properties going to auction in a single city in the state of Kings County, NY. Auction homes and other auction properties account for 0.11% of all properties in Kings County, NY. There is 1 cities within Kings County, NY; of that cities, the median estimated home value for homes going to auction ranges from $3,172,000 in Brooklyn to the lowest value of $357,557 in Brooklyn.
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Guide for Kings County, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.