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 April 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

$185,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$18,750(+11.3%)

Key Takeaway

Homes in Kinston have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Kinston was $185,000 in April 2024, up 11.3% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $21K$20.5K
-2.4%
2 $100K$85K
-15.0%
3 $159.9K$185K
+15.7%
4 $229K$233.4K
+2.0%
5+ $285K$299.9K
+5.2%

Summary: Kinston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Falling Creek Township
+12.8%
Kinston
+11.3%
Kinston Township
+9.5%
Neuse Township
+7.6%

Housing Supply in Kinston, NC

How many homes are available in Kinston, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
140148+5.7%

Summary: The Kinston real estate market had 148 homes for sale in April 2024, a 5.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1519
+26.7%
3 8086
+7.5%
4 3735
-5.4%
5+ 66
0.0%

Summary: The Kinston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2627+3.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Kinston in April 2024, up by 3.8% month-over-month. Of the 27 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Apr 2023Apr 2024CHANGE
60 Days66 Days+11.1%

Summary: Homes in Kinston had an average of 66 days on market in Apr 2024, up by 11.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

9 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 April 2024, 27 homes were sold in Kinston; 48% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 33% 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 Kinston, NC

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