Is Kings Mountain, 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, Kings Mountain has remained a Seller's Market.
Housing Prices in Kings Mountain, NC
How much do homes in Kings Mountain, NC cost?
Median Sold Price
$249,875
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kings Mountain was $249,875 in May 2024, up 11.1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $154.5K | +34.3% |
2 Bedrooms | $147.5K | $170.2K | +15.4% |
3 Bedrooms | $238.5K | $250K | +4.8% |
4 Bedrooms | $302.9K | $306.9K | +1.3% |
5+ Bedrooms | $475K | $740K | +55.8% |
Summary: Kings Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 55.8%.
Median Sold Price Compared To Nearby Cities
Kings Mountain | $225K | $249.8K | +11.1% |
Crowders Mountain Township | $250K | $250K | 0.0% |
Gastonia | $286.3K | $278.2K | -2.8% |
Housing Supply in Kings Mountain, NC
How many homes are available in Kings Mountain, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 111 | +22.0% |
Summary: The Kings Mountain real estate market had 111 homes for sale in May 2024, a 22.0% increase 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 | 6 | 10 | +66.7% |
3 Bedrooms | 61 | 67 | +9.8% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Kings Mountain 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 increased by 66.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 28 | +75.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Kings Mountain in May 2024, up by 75.0% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for Kings Mountain, NC
How long does it take to sell a home in Kings Mountain, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 21 Days | -41.5% |
Summary: Homes in Kings Mountain had an average of 21 days on market in May 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Kings Mountain; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.