Is Kings Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$237,166
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kings Mountain was $237,166 in March 2024, up 7.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $134K | N/A |
2 Bedrooms | $145K | $170K | +17.2% |
3 Bedrooms | $227.5K | $239.9K | +5.5% |
4 Bedrooms | $311.8K | $305.9K | -1.9% |
5+ Bedrooms | $601.6K | $639.9K | +6.4% |
Summary: Kings Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Kings Mountain | $220K | $237.1K | +7.8% |
Crowders Mountain Township | $245K | $250K | +2.0% |
Gastonia | $290.3K | $275.8K | -5.0% |
Housing Supply in Kings Mountain, NC
How many homes are available in Kings Mountain, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 104 | 0.0% |
Summary: The Kings Mountain real estate market had 104 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 58 | 64 | +10.3% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Kings Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Kings Mountain in March 2024, up by 26.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 17% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 35 Days | -43.9% |
Summary: Homes in Kings Mountain had an average of 35 days on market in Mar 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Kings Mountain; 72% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.