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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kinston is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Kinston was a Neutral Market.

Key Takeaway

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

Housing Prices in Kinston, NC

How much do homes in Kinston, NC cost?

Median Sold Price

$180,333

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,383(+10.7%)

Key Takeaway

Homes in Kinston have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Kinston was $180,333 in March 2024, up 10.7% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $21K$20.5K
-2.4%
2 $97.7K$86K
-12.0%
3 $155K$185K
+19.4%
4 $229K$234.2K
+2.3%
5+ $285K$299.9K
+5.2%

Summary: Kinston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Falling Creek Township
+12.1%
Kinston
+10.7%
Kinston Township
+8.9%

Housing Supply in Kinston, NC

How many homes are available in Kinston, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
122137+12.3%

Summary: The Kinston real estate market had 137 homes for sale in March 2024, a 12.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 1416
+14.3%
3 6981
+17.4%
4 2831
+10.7%
5+ 87
-12.5%

Summary: The Kinston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2227+22.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kinston, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Kinston in March 2024, up by 22.7% month-over-month. Of the 27 sold homes, 59% were sold under asking, 33% were sold at asking, and 7% were sold over asking.

Days on Market for Kinston, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days60 Days0.4%

Summary: Homes in Kinston had an average of 60 days on market in Mar 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 27 homes were sold in Kinston; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% 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 22 Days Ago

Newest Listings in Kinston, NC

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