Keller Williams Coastal Estates' Market Report

King City, CA

Single-Family Homes

www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200



King City, CA

Fri Sep 25 2020
This week the median list price for King City, CA is $467,500 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 4. Click here to stay informed with the King City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

King City, CA

Fri Sep 25 2020
This week the median list price for King City, CA is $467,500 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has held steady at or around 4. Click here to stay informed with the King City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the King City market.
Median List Price $467,500
Per Square Foot $217
Days on Market 74
Price Decreased 25%
Price Increased 0%
Relisted 25%
Inventory 4
Median Rent
Most Expensive $650,000
Least Expensive $375,000
Market Action 60
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$650,000 2,740 5 - 10 acres 4 2 40 0 0 7
$480,000 3,118 6,500 - 8,000 sqft 5 4 67 0 0 273
$455,000 2,303 6,500 - 8,000 sqft 5 3 2 1 0 0
$375,000 1,464 6,500 - 8,000 sqft 3 2 93 0 0 14