Is Kings Mountain, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kings Mountain is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Kings Mountain has remained a Seller's Market.

Key Takeaway

Kings Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$24,875(+11.1%)

Key Takeaway

Homes in Kings Mountain have sold for 11.1% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $115K$154.5K
+34.3%
2 $147.5K$170.2K
+15.4%
3 $238.5K$250K
+4.8%
4 $302.9K$306.9K
+1.3%
5+ $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
+11.1%
Crowders Mountain Township
0.0%
Gastonia
-2.8%

Housing Supply in Kings Mountain, NC

How many homes are available in Kings Mountain, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
91111+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 6167
+9.8%
4 1723
+35.3%
5+ 711
+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 2024May 2024CHANGE
1628+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kings Mountain, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023May 2024CHANGE
37 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kings Mountain are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Kings Mountain, NC

Nearby Markets to Kings Mountain, NC

What housing markets are near Kings Mountain, NC?