Is Kinston, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kinston has remained a Seller's Market.
Housing Prices in Kinston, NC
How much do homes in Kinston, NC cost?
Median Sold Price
$180,666
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kinston was $180,666 in May 2024, up 4% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $21K | $20.5K | -2.4% |
2 Bedrooms | $100K | $80K | -20.0% |
3 Bedrooms | $169K | $180K | +6.5% |
4 Bedrooms | $234.9K | $237.2K | +1.0% |
5+ Bedrooms | $285K | $298.5K | +4.7% |
Summary: Kinston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Falling Creek Township | $197K | $215K | +9.1% |
Neuse Township | $162.4K | $170K | +4.6% |
Kinston | $173.6K | $180.6K | +4.0% |
Kinston Township | $175.7K | $180.6K | +2.8% |
Housing Supply in Kinston, NC
How many homes are available in Kinston, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
162 | 164 | +1.2% |
Summary: The Kinston real estate market had 164 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 95 | 98 | +3.2% |
4 Bedrooms | 38 | 35 | -7.9% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Kinston 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 increased by 5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 40 | +48.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Kinston in May 2024, up by 48.1% month-over-month. Of the 40 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 36 Days | -32.3% |
Summary: Homes in Kinston had an average of 36 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Kinston; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.