Is Kittrell, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kittrell was a Neutral Market.
Key Takeaway
Kittrell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kittrell, NC
How much do homes in Kittrell, NC cost?
Median Sold Price
$270,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kittrell have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Kittrell was $270,000 in May 2024, down 3.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.5K | - | N/A |
| 2 Bedrooms | - | $851.8K | N/A |
| 3 Bedrooms | $266K | $265K | -0.4% |
| 4 Bedrooms | $486K | $445K | -8.4% |
| 5+ Bedrooms | $425K | - | N/A |
Summary: Kittrell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kittrell Township | $262.5K | $265K | +1.0% |
| Kittrell | $280.5K | $270K | -3.7% |
Housing Supply in Kittrell, NC
How many homes are available in Kittrell, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Kittrell real estate market had 3 homes for sale in May 2024, a 50.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kittrell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kittrell, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Kittrell in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Kittrell, NC
How long does it take to sell a home in Kittrell, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 8 Days | -85.2% |
Summary: Homes in Kittrell had an average of 8 days on market in May 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kittrell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Kittrell; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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