King Housing Market Report

King housing market overview

• The average home price in King was $2,510,852 — a 49.25% year-over-year increase.
• The median home price in King was $2,225,000 — a 39.94% year-over-year increase.
• The average detached home price increased 43.57% year-over-year to $2,510,852
• The semi-detached home price increased 0% year-over-year to $0
• The condo townhouse home price decreased -100% year-over-year to $0
• The average condo apartment home price decreased -100% year-over-year to $0

Table of contents

• Average Home Price Trends
• Important Market Metrics
• Historical Home Prices
• Home Price by Property Type

Average home price trends

The average home price across all property types in King was $2,510,852. Home prices have increased 49.25% year-over-year compared to the average home price of $1,682,316 the prior year. The average home price across all property types saw a 8.97% month-over-month increased from the average home price of $2,304,075 the prior month. Here is how the average home price has changed across property types.

Read More: Toronto (GTA) Home Prices

Important Market Metrics

Sales

Total sales in King were 27 which is a 42.11% increase from 19 sales the prior year. Here is how the sales are broken down by property type:

• Detached: 27 — a 68.75% Y/Y increase
• Semi-Detached: 0 — a 0% Y/Y increase
• Condo Townhouse: 0 — a -100% Y/Y decrease
• Condo Apartment: 0 — a -100% Y/Y decrease

Inventory

The housing inventory this month is 6.8 months which is up from 6.8 months of inventory the prior month and 5.2 months the prior year. Housing inventory this month is much higher than the historical 5-year average which is 0 months of inventory.

Listings

King had total new listings of 61 which is a 35.56% Y/Y increase and -39.6% M/M decrease.

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand the balance of supply and demand in the housing market which helps determine who has the majority of negotiating power in the housing market. The sales-to-new-listings ratio (SNLR) in King was 29.3% in August 2024. The SNLR indicates a buyers market market with a SNLR ratio that falling below 40%.

All property types

The highest historical average home price in King was $0. The highest historical median home price was $0.

Single-family detached home prices in King

Semi-detached home prices in King

Condo townhouse prices in King

Condo apartment prices in King

Other housing market reports across the greater Toronto area:

Toronto

• Toronto housing market report

Halton Region

• Burlington housing market report
• Halton Hills housing market report
• Milton housing market report
• Oakville housing market report

Peel Region

• Brampton housing market report
• Caledon housing market report
• Mississauga housing market report

York Region

• Aurora housing market report
• East Gwillimbury housing market report
• Georgina housing market report
• King housing market report
• Markham housing market report
• Newmarket housing market report
• Richmond Hill housing market report
• Vaughan housing market report
• Stouffville housing market report

Durham Region

• Ajax housing market report
• Brock housing market report
• Clarington housing market report
• Oshawa housing market report
• Pickering housing market report
• Scugog housing market report
• Uxbridge housing market report
• Whitby housing market report

Dufferin County

• Orangeville housing market report

Simcoe County

• Adjala-Tosorontio housing market report
• Bradford housing market report
• Essa housing market report
• Innisfil housing market report
• New Tecumseth housing market report

source: TREB