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

Housing Market Conditions



Gauge showing Kernersville is a seller's market


Difference Since May 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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Kernersville have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Kernersville was $339,750 in May 2024, up 4.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115.1K$120K
2 $191.2K$207K
3 $295K$310.3K
4 $397.3K$404.3K
5+ $464.9K$446K

Summary: Kernersville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Kernersville Township
Abbotts Creek Township
Deep River Township

Housing Supply in Kernersville, NC

How many homes are available in Kernersville, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Kernersville real estate market had 269 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
2 3131
3 130146
4 8178
5+ 912

Summary: The Kernersville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

23 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. 37.5% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Kernersville in May 2024, up by 4.3% month-over-month. Of the 72 sold homes, 38% were sold under asking, 31% were sold at asking, and 32% 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

May 2023May 2024CHANGE
31 Days31 Days-1.2%

Summary: Homes in Kernersville had an average of 31 days on market in May 2024, down by 1.2% compared to last year.

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 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 May 2024, 72 homes were sold in Kernersville; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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 19 Days Ago

Newest Listings in Kernersville, NC

Nearby Markets to Kernersville, NC

What housing markets are near Kernersville, NC?