Is Kernersville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kernersville has remained a Seller's Market.
Housing Prices in Kernersville, NC
How much do homes in Kernersville, NC cost?
Median Sold Price
$330,465
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kernersville was $330,465 in March 2024, up 1.7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | $120.2K | +5.4% |
2 Bedrooms | $178.7K | $207K | +15.8% |
3 Bedrooms | $290.1K | $308.3K | +6.3% |
4 Bedrooms | $400K | $413.9K | +3.5% |
5+ Bedrooms | $464.9K | $464K | -0.2% |
Summary: Kernersville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Colfax | $400K | $421.2K | +5.3% |
Kernersville Township | $315K | $330.7K | +5.0% |
Deep River Township | $374.9K | $390K | +4.0% |
Abbotts Creek Township | $345.7K | $357.1K | +3.3% |
Kernersville | $325K | $330.4K | +1.7% |
Housing Supply in Kernersville, NC
How many homes are available in Kernersville, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
209 | 215 | +2.9% |
Summary: The Kernersville real estate market had 215 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 107 | 111 | +3.7% |
4 Bedrooms | 66 | 70 | +6.1% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Kernersville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 64 | +48.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Kernersville in March 2024, up by 48.8% month-over-month. Of the 64 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Kernersville, NC
How long does it take to sell a home in Kernersville, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 37 Days | +3.6% |
Summary: Homes in Kernersville had an average of 37 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 64 homes were sold in Kernersville; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.