Is Kingstree, 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, Kingstree has remained a Seller's Market.
Key Takeaway
Kingstree is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kingstree, NC
How much do homes in Kingstree, NC cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kingstree have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Kingstree was $325,000 in May 2024, up 4.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235.7K | $226K | -4.1% |
| 3 Bedrooms | $307.7K | $313.4K | +1.8% |
| 4 Bedrooms | $365.5K | $364.5K | -0.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Kingstree 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 decreased by 4.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.
Housing Supply in Kingstree, NC
How many homes are available in Kingstree, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Kingstree real estate market had 15 homes for sale in May 2024, a 36.4% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kingstree 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingstree, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Kingstree in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Kingstree, NC
How long does it take to sell a home in Kingstree, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 20 Days | -57.3% |
Summary: Homes in Kingstree had an average of 20 days on market in May 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingstree are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Kingstree; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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