Is King, NC a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing King is a seller's market


Difference Since June 2023

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

Key Takeaway

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

Housing Prices in King, NC

How much do homes in King, NC cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in King have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in King was $283,000 in June 2024, down 1.8% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $127.5K$116K
2 $229.4K$215K
3 $270K$250K
4 $376.9K$374.5K
5+ $399.9K$413.9K

Summary: King housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Bethania Township
Old Richmond Township
Yadkin Township

Housing Supply in King, NC

How many homes are available in King, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The King real estate market had 79 homes for sale in June 2024, a 9.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
2 610
3 4346
4 2121
5+ 22

Summary: The King housing inventory by bedroom type for June 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 7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in King, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in King in June 2024, up by 16.7% month-over-month. Of the 21 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for King, NC

How long does it take to sell a home in King, NC?

Average Sale Time

Jun 2023Jun 2024CHANGE
23 Days51 Days+115.5%

Summary: Homes in King had an average of 51 days on market in Jun 2024, up by 115.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 21 homes were sold in King; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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 24 Days Ago

Newest Listings in King, NC

Nearby Markets to King, NC

What housing markets are near King, NC?