Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: ZIP 28501 · Kinston
November 1, 2026
(910) 395‑1000 · buddyblake.com
28501: One in four listings ended without selling
Of 177 listings that ended in the Kinston area ZIP 28501 over the last 12 months, 128 sold and 49 didn't. That's 28%, the same rate as the year before. A typical sale took 33 days and closed at 92.3% of the first asking price.
Summary written November 1, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
Which pile do you want to be in?
Out of every 20 homes listed in ZIP 28501 · Kinston over the last 12 months, the solid houses sold. The outlined ones expired or were canceled.
Priced right from day one: sold in a median 13 days. Needed price cuts: 62 days, and sold for 86.4% of the first price.
What waiting costs
| Property taxes | $82 |
| Homeowners insurance | $250 |
| Upkeep | $121 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $705 + mortgage |
About $705 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 131 days — roughly $3,055 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: Lenoir County rate 0.675 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates.
When contracts fall apart
Contracts that fell apart
26%
45 of about 172 before closing
Those homes that later sold
64%
33% never sold
Sold vs. first ask after a fall-through
85.4%
vs. 93.8% on the first contract
Days to sell after a fall-through
79
vs. 28 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 37% · cash 35% · VA 8% · FHA 17%.
If you're selling
- Price it right on day one. Homes priced right from the start sold in a median 13 days.
- If you have to cut the price, expect it to take longer. Homes that needed cuts had a median 59 days on market.
- Waiting has a cost. Listings that never sold had a median price cut of 4.5% and sat a median 131 days.
- Prepare for the contract. About 1 in 4 contracts (26%) fell apart. Industry experience says inspection, appraisal or financing issues cause most of these, though the MLS doesn't record causes.
If you're buying
- There's room to negotiate. 79% of sales closed below the first asking price.
- Some homes sit. Listings that never sold had a median 131 days on market, so the longer ones may leave more room.
- Financing mix in this ZIP: 38% cash, 35% conventional, 16% FHA and 8% VA.
Did you know?
- 28% of listings in ZIP 28501 ended without selling, the same rate as the year before.
- The typical home sold in 33 days in this ZIP.
- Estimated carrying cost for a typical $145,750 home is about $705 a month before mortgage.
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For sellers
Listings that didn't sell
26%
down 4.3 pts from a year ago
44 expired or canceled vs 127 sold
Sold vs. first asking price
92.4%
down 2.7 pts from a year ago
median sale price ÷ original list price
Sold below first asking
79%
share of homes that sold
Price cut on homes that didn't sell
4.9%
median — and they still didn't sell
For buyers
True days on market
33
up 11 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
7.6%
how far under the original price homes sold
Didn't sell, then sold on a relist
14%
of listings that didn't sell the first time
Median sold price
$150K
up 3.3% from a year ago
127 homes sold
The last 24 months
20% latest month · Oct 26
17 latest month · Oct 26
92.9% latest month · Oct 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 113 | 38 | 25% | 34 | 90.9% |
| $300–400K | 7 | 3 | 30% | 12 | 98.2% |
| $400–500K | 6 | 1 | 14% | 50 | 96.4% |
| $500–750K | 1 | 0 | 0% | 16 | 96.5% |
| $750K–1M | 0 | 2 | 100% | — | — |
ZIP 28501 · Kinston housing market: quick answers
How long do homes take to sell in ZIP 28501 · Kinston?
Homes that sold in ZIP 28501 · Kinston over the last 12 months took a median of 33 days, counted from the day they were first listed (relists included). That's up 11 days from a year ago.
What do homes in ZIP 28501 · Kinston sell for compared to the asking price?
The median home in ZIP 28501 · Kinston sold for 92.4% of its first asking price in the last 12 months, and 79% of the homes that sold went for less than the original price. That's down 2.7 pts from a year ago.
What percentage of homes listed in ZIP 28501 · Kinston don't sell?
26% of homes listed in ZIP 28501 · Kinston over the last 12 months expired or were canceled without selling — about 1 in 4 (44 didn't sell vs 127 sold). That's down 4.3 pts from a year ago. The homes that didn't sell had already cut their price a median 4.9%.
What is the median sold price in ZIP 28501 · Kinston?
The median sold price in ZIP 28501 · Kinston over the last 12 months was $150,000, across 127 homes sold. That's up 3.3% from a year ago.
What is my home worth in ZIP 28501 · Kinston?
The median home in ZIP 28501 · Kinston sold for $150,000 over the last 12 months (127 sales), up about 3.3% from $145,250 the prior 12 months. Your property's value depends on its size, condition, lot and street, and online estimates often disagree by a wide margin. Enter your address under "What's my home worth?" on the homepage to see what's for sale, under contract and sold around you, or call for a price built from the homes that actually compete with yours.
Are home prices in ZIP 28501 · Kinston going down?
No — not at the median. Homes in ZIP 28501 · Kinston sold for a median of $150,000 in the last 12 months, up about 3.3% from $145,250 the prior 12 months. More homes sold (127 vs 126), and the median time on the market went from 22 to 33 days. Prices move differently by neighborhood and price range, so check the band your home falls in below.
Where do these ZIP 28501 · Kinston housing market numbers come from?
Hive MLS listing and sales records for homes only (land excluded), covering the last 12 months and updated November 1, 2026. The figures refresh from the MLS every hour; "didn't sell" counts only expired and canceled listings. Compiled by Buddy Blake Team, Coldwell Banker Sea Coast Advantage.
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated November 1, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000