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 seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Kinston Township, NC

How much do homes in Kinston Township, NC cost?

Median Sold Price

$180,666

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$4,954(+2.8%)

Key Takeaway

Homes in Kinston Township have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Kinston Township was $180,666 in May 2024, up 2.8% 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$180.3K
+6.7%
4 $232.4K$237.2K
+2.1%
5+ $285K$298.5K
+4.7%

Summary: Kinston Township 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 6.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Vance Township
+15.9%
Kinston
+4.0%
Kinston Township
+2.8%

Housing Supply in Kinston Township, NC

How many homes are available in Kinston Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
162164+1.2%

Summary: The Kinston Township 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 Township 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 Township, 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 Township 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 Township, NC

How long does it take to sell a home in Kinston Township, NC?

Average Sale Time

May 2023May 2024CHANGE
54 Days36 Days-32.3%

Summary: Homes in Kinston Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 40 homes were sold in Kinston Township; 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 Township, NC

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