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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Kinston Township was a Seller's Market.

Key Takeaway

Kinston Township 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 Kinston Township, NC

How much do homes in Kinston Township, NC cost?

Median Sold Price

$190,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+5.6%)

Key Takeaway

Homes in Kinston Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Kinston Township was $190,000 in November 2024, up 5.6% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$20.5K
N/A
2 $105K$80K
-23.8%
3 $175K$189.9K
+8.6%
4 $225.9K$241.2K
+6.8%
5+ $299.9K$312K
+4.0%

Summary: Kinston Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Kinston Township
+5.6%
Kinston
+5.6%

Housing Supply in Kinston Township, NC

How many homes are available in Kinston Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
159157-1.3%

Summary: The Kinston Township real estate market had 157 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2221
-4.5%
3 110107
-2.7%
4 1821
+16.7%
5+ 98
-11.1%

Summary: The Kinston Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2126+23.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 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. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Kinston Township in November 2024, up by 23.8% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
89 Days64 Days-28.1%

Summary: Homes in Kinston Township had an average of 64 days on market in Nov 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 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 November 2024, 26 homes were sold in Kinston Township; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 2 Days Ago

Newest Listings in Kinston Township, NC

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What housing markets are near Kinston Township, NC?