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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kernersville is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

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

+$10,531(+3.2%)

Key Takeaway

Homes in Kernersville have sold for 3.2% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $115.3K$120.5K
+4.5%
2 $211.5K$205.2K
-3.0%
3 $295.3K$310K
+5.0%
4 $403.5K$401.5K
-0.5%
5+ $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
+3.2%
Kernersville Township
+3.1%
Abbotts Creek Township
0%
Colfax
-1.7%
Deep River Township
-5.0%

Housing Supply in Kernersville, NC

How many homes are available in Kernersville, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
278289+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

# BEDSMay 2024Jun 2024CHANGE
1 22
0.0%
2 3235
+9.4%
3 155161
+3.9%
4 7782
+6.5%
5+ 129
-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 2024Jun 2024CHANGE
7079+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kernersville, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
33 Days42 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

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