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 April 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

$239,900

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,900(+6.6%)

Key Takeaway

Homes in Kings Mountain have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Kings Mountain was $239,900 in April 2024, up 6.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115K$154.5K
+34.3%
2 $147.5K$170.1K
+15.3%
3 $234K$239.9K
+2.6%
4 $308.6K$305.9K
-0.8%
5+ $601.6K$680K
+13.0%

Summary: Kings Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Cities

Kings Mountain
+6.6%
Crowders Mountain Township
+2.4%
Gastonia
-4.7%

Housing Supply in Kings Mountain, NC

How many homes are available in Kings Mountain, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9690-6.3%

Summary: The Kings Mountain real estate market had 90 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 20
-100.0%
2 136
-53.8%
3 6060
0.0%
4 1617
+6.3%
5+ 57
+40.0%

Summary: The Kings Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 53.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2916-44.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Kings Mountain in April 2024, down by 44.8% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% 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

Apr 2023Apr 2024CHANGE
54 Days44 Days-18.4%

Summary: Homes in Kings Mountain had an average of 44 days on market in Apr 2024, down by 18.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 April 2024, 16 homes were sold in Kings Mountain; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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 9 Days Ago

Newest Listings in Kings Mountain, NC

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