Kings County, NY Home Values & Market Trends
The median home price in Kings County, NY is $1,064,074.24. There were 12,190 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 $686,609.891. The number of current listings in Kings County, NY is 1,155, and the percentage of properties for sale is 1155.00%. The county has 4,702 foreclosures, 19 bank owned properties, 318 headed for auction, and 1,155 properties for sale.
Kings County, NY Real Estate Market Overview
City | Median Est. Value |
---|---|
Brooklyn | $ 914,100 $ 578/sqft |
Housing Market Summary for Kings County, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $1M | $1.1M | 10.56% |
Median Sold Price | $1.1M | $1.1M | 3.43% |
Homes For Sale | 1,247 | 1,182 | -5.21% |
Homes Sold | 6,601 | 6,592 | -0.14% |
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
Explore recent offers and recently sold homes in Kings County, NY
Browse Homes in Kings County, NY
Kings County, NY home values range from $25,761 to $84,121,119. Brooklyn is the priciest city with a median listing home price of $1,075,000, and Brooklyn is most affordable with average house prices of around $1,075,000.
- Pre-ForeclosurePre-foreclosure homes account for 1.78% of all residential properties in Kings County, NY with Brooklyn containing 4365 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 $22,400,260 in Brooklyn to the lowest home value of $74,147 in Brooklyn.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Kings County, NY ranges from the highest value of $1,414,000 in Brooklyn to the lowest value of $589,000 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 19 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsBrooklyn has 318 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 0.13% 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 $3,100,000 in Brooklyn to the lowest value of $225,293 in Brooklyn.
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Guide for Kings County, NY
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.
An increase is house prices but a slowdown of homes sold in September
With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks