Is King's Grant, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, King's Grant has remained a Seller's Market.
Housing Prices in King's Grant, NC
How much do homes in King's Grant, NC cost?
Median Sold Price
$250,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in King's Grant was $250,000 in May 2024, up 3.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $146.2K | +21.9% |
3 Bedrooms | $190K | $197.5K | +3.9% |
4 Bedrooms | $335K | $325K | -3.0% |
5+ Bedrooms | $410K | $435K | +6.1% |
Summary: King's Grant housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
Terry Sanford | $170K | $190K | +11.8% |
King's Grant | $241.2K | $250K | +3.6% |
Housing Supply in King's Grant, NC
How many homes are available in King's Grant, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
117 | 100 | -14.5% |
Summary: The King's Grant real estate market had 100 homes for sale in May 2024, a 14.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 49 | 41 | -16.3% |
4 Bedrooms | 50 | 45 | -10.0% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The King's Grant housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 23 | -36.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in King's Grant in May 2024, down by 36.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for King's Grant, NC
How long does it take to sell a home in King's Grant, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 9 Days | -87.1% |
Summary: Homes in King's Grant had an average of 9 days on market in May 2024, down by 87.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in King's Grant; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.