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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kinston is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Kinston has remained a Seller's Market.

Key Takeaway

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

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

+$7,016(+4.0%)

Key Takeaway

Homes in Kinston have sold for 4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $21K$20.5K
-2.4%
2 $100K$80K
-20.0%
3 $169K$180K
+6.5%
4 $234.9K$237.2K
+1.0%
5+ $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
+9.1%
Neuse Township
+4.6%
Kinston
+4.0%
Kinston Township
+2.8%

Housing Supply in Kinston, NC

How many homes are available in Kinston, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
162164+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

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 2021
+5.0%
3 9598
+3.2%
4 3835
-7.9%
5+ 67
+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 2024May 2024CHANGE
2740+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kinston, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023May 2024CHANGE
54 Days36 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kinston are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Kinston, NC

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