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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kinston Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Kinston Township, NC

How much do homes in Kinston Township, NC cost?

Median Sold Price

$185,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,000(+9.5%)

Key Takeaway

Homes in Kinston Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Kinston Township was $185,000 in April 2024, up 9.5% 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 $162.9K$185K
+13.5%
4 $228.7K$233.4K
+2.1%
5+ $285K$299.9K
+5.2%

Summary: Kinston Township 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 13.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Kinston
+11.3%
Kinston Township
+9.5%

Housing Supply in Kinston Township, NC

How many homes are available in Kinston Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
140148+5.7%

Summary: The Kinston Township 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 Township 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 Township, 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 Township 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 Township, NC

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

Average Sale Time

Apr 2023Apr 2024CHANGE
60 Days66 Days+11.1%

Summary: Homes in Kinston Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 27 homes were sold in Kinston Township; 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 Township, NC

Nearby Markets to Kinston Township, NC

What housing markets are near Kinston Township, NC?