$45,000
Land
Listing Office: Keller Williams Unified
Is Kings Mountain, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kings Mountain was a Seller's Market.
Key Takeaway
Kings Mountain is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kings Mountain, NC
How much do homes in Kings Mountain, NC cost?
Median Sold Price
$274,500
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,750(+15.5%)
Key Takeaway
Homes in Kings Mountain have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Kings Mountain was $274,500 in October 2024, up 15.5% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $117K | -19.3% |
| 2 Bedrooms | $165K | $163.7K | -0.8% |
| 3 Bedrooms | $240K | $271K | +12.9% |
| 4 Bedrooms | $305.4K | $345.5K | +13.1% |
| 5+ Bedrooms | $599.9K | $495K | -17.5% |
Summary: Kings Mountain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Kings Mountain | $237.7K | $274.5K | +15.5% |
| Crowders Mountain Township | $245K | $257K | +4.9% |
| Gastonia | $279.9K | $285K | +1.8% |
Housing Supply in Kings Mountain, NC
How many homes are available in Kings Mountain, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 154 | +19.4% |
Summary: The Kings Mountain real estate market had 154 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 73 | 97 | +32.9% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Kings Mountain housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 32.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kings Mountain, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Kings Mountain in October 2024, up by 60.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +57.4% |
Summary: Homes in Kings Mountain had an average of 48 days on market in Oct 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kings Mountain has remained consistent over time.
Summary: During October 2024, 24 homes were sold in Kings Mountain; 33% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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