Is Kernersville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$335,310
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Kernersville was $335,310 in June 2024, up 3.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.3K | $120.5K | +4.5% |
2 Bedrooms | $211.5K | $205.2K | -3.0% |
3 Bedrooms | $295.3K | $310K | +5.0% |
4 Bedrooms | $403.5K | $401.5K | -0.5% |
5+ Bedrooms | $464K | $444.4K | -4.2% |
Summary: Kernersville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Kernersville | $324.7K | $335.3K | +3.2% |
Kernersville Township | $324.9K | $334.8K | +3.1% |
Abbotts Creek Township | $350K | $349.9K | 0% |
Colfax | $429.9K | $422.5K | -1.7% |
Deep River Township | $399.9K | $379.9K | -5.0% |
Housing Supply in Kernersville, NC
How many homes are available in Kernersville, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
278 | 289 | +4.0% |
Summary: The Kernersville real estate market had 289 homes for sale in June 2024, a 4.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 32 | 35 | +9.4% |
3 Bedrooms | 155 | 161 | +3.9% |
4 Bedrooms | 77 | 82 | +6.5% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Kernersville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
70 | 79 | +12.9% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Kernersville in June 2024, up by 12.9% month-over-month. Of the 79 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
33 Days | 42 Days | +28.9% |
Summary: Homes in Kernersville had an average of 42 days on market in Jun 2024, up by 28.9% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 79 homes were sold in Kernersville; 71% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.