Kingston Real Estate Statistics
Kingston Real Estate Price Trend
Kingston real estate average sold price in the last 30 days (October 22 - November 20) was $617,874, which is $89,133 (14.4%) lower than the average price of $707,007 in the previous 30 day period (September 22 - October 21), and $27,884 (4.5%) up from the same period 1 year ago ($589,990). Kingston real estate prices over the last 30 days are also $10,203 (1.7%) lower than the average selling price of $628,077 over the past year.
Kingston average sold price for homes was $643,141 in the last 30 days (October 22 - November 20), which is $177,631 (27.6%) down from the average home price of $820,772 in the previous 30 day period (September 22 - October 21), and $2,529 (0.4%) higher than the same period 1 year ago ($640,612). In the last 30 days Kingston the average home price was $32,686 (5.1%) lower than the average selling price of $675,827 over the last 12 months.
Average Kingston condo sold price over the last 30 days (October 22 - November 20) was $412,540. During this period it was $13,466 (3.3%) up from the average price of condo of $399,074 during the previous 30 days (September 22 - October 21), and $117,540 (28.5%) higher compared to the same period 1 year ago ($295,000). In the last 30 days Kingston the average condo price was $67,559 (16.4%) higher than the average selling price of $344,981 over the last year.
Average sold price of Kingston townhouse was $542,332 in the last 30 days (October 22 - November 20), down $97,951 (18.1%) from the average townhome price of $640,283 over the previous 30 days (September 22 - October 21), and $7,332 (1.4%) higher than during to the same period 1 year ago ($535,000). Over the last 30 days the average townhouse price in Kingston was $93,623 (17.3%) higher compared to the average selling price of $448,709 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Kingston real estate was $617,874 in the last 30 days (October 22 - November 20), which is collectively $6,054 (0.9%) lower than the average asking price of $680,247. This represents an increase of $10,125 (62.6%) compared to $16,179 (2.2%) Sold-Under-Asking price from the previous 30 day period (September 22 - October 21).
The maximum Sold Over/Under Asking ratio in Kingston during the last 12 months was recorded in April, 2024 with an average of $4,823 under the asking price, while the minimum occurring in May, 2024 with $35,600 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 Kingston was 2,381.2% with 5,715 properties sold and 507 new properties listed in the past 30 days (October 22 - November 20). This represents an increase from 10.7% recorded during the previous 30 day period (September 22 - October 21), and an increase from 36.7% compared to the same period one year ago.
Over the the last year the highest SNLR in Kingston was 31,056.2% recorded in August and the lowest was in March at 25.0%. 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 5,715 properties that were successfully sold in Kingston in the last 30 days (October 22 - November 20) was 22 days, which is 10 days less than 32 days average in the previous 30 day period (September 22 - October 21) and 7 days shorter than during the same period a year ago (29 days).
There were 4,189 delisted properties in Kingston, those that got either Expired, Suspended or Terminated over the last 30 days (October 22 - November 20) with an average of 56 days on the market. This is 18 days shorter than the average of 74 days during the previous 30 day period (September 22 - October 21) and 17 days less compared to the same period last year average of 73 days on the market.
4,189 Kingston properties that didn't sell stayed on the market 154.5% longer than 5,715 that sucessfully sold over the last 30 days - 22 days when sold vs 56 days when delisted respectively.
Average Days on the Market in Kingston over the past 12 months for properties that have sold was 33.8 days, with 76.0 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
240 new properties were listed on the market in Kingston in the last 30 days (October 22 - November 20). During the same time 5,715 properties were sold and 4,189 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 9664 properties (or 4,026.7%).
During the previous 30 day period (September 22 - October 21) there were 507 new properties listed, 54 sold and 55 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was October with 579 new properties listed, the slowest - December with 8 new listings and a yearly average of 82 new listings per month.
New Real Estate Listings by Property Type
There were a total of 177 homes listed during the last 30 days (October 22 - November 20), which is 73.8% of all properties listed in Kingston. This is a 54.3% decline compared with a previous 30 day period (September 22 - October 21) and 637.5% up from the same period a year ago. Over the past year an average of 60 homes are were listed per month.
28 condo units were listed in the last 30 days (October 22 - November 20) in Kingston, which represents 11.7% of all new listings. This is down 63.6% from the prior 30 day period (September 22 - October 21) and 460.0% more compared to the same period last year. There were 14 condos listed per month on average during the last 12 months.
35 townhomes were listed over the last 30 days (October 22 - November 20) in Kingston, which is 14.6% of all new real estate inventory. This is a 18.6% less than during the previous 30 day period (September 22 - October 21) and 3,400.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 8 a month.
Real Estate Sales by Property Type
There were a total of 4,719 homes sold during the last 30 days (October 22 - November 20), which is 82.6% of all properties sold in Kingston. This is a 13,008.3% increase compared with a previous 30 day period (September 22 - October 21) and 58,887.5% up from the same period a year ago. Over the past year an average of 1,186 homes are were sold per month.
339 condo units were sold in the last 30 days (October 22 - November 20) in Kingston, which represents 5.9% of all sold properties. This is up 2,725.0% from the prior 30 day period (September 22 - October 21) and 33,800.0% more compared to the same period last year. There were 208 condos sold per month on average during the last 12 months.
657 townhomes were sold over the last 30 days (October 22 - November 20) in Kingston, which is 11.5% of all sold real estate. This is a 10,850.0% more than during the previous 30 day period (September 22 - October 21) and 32,750.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 183 a month.