Is Kernersville Township, 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 Township has remained a Seller's Market.
Housing Prices in Kernersville Township, NC
How much do homes in Kernersville Township, NC cost?
Median Sold Price
$330,725
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kernersville Township was $330,725 in March 2024, up 5% 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 | $115.3K | $120.2K | +4.3% |
2 Bedrooms | $177K | $207.2K | +17.1% |
3 Bedrooms | $290K | $306.6K | +5.7% |
4 Bedrooms | $391.7K | $414.9K | +5.9% |
5+ Bedrooms | $410K | $464K | +13.2% |
Summary: Kernersville Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Colfax | $400K | $421.2K | +5.3% |
Kernersville Township | $315K | $330.7K | +5.0% |
Abbotts Creek Township | $345.7K | $357.1K | +3.3% |
Kernersville | $325K | $330.4K | +1.7% |
Walkertown | $294.2K | $298K | +1.3% |
Housing Supply in Kernersville Township, NC
How many homes are available in Kernersville Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
217 | 222 | +2.3% |
Summary: The Kernersville Township real estate market had 222 homes for sale in March 2024, a 2.3% 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 | 112 | 116 | +3.6% |
4 Bedrooms | 69 | 72 | +4.3% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Kernersville Township 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 3.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 65 | +47.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Kernersville Township in March 2024, up by 47.7% month-over-month. Of the 65 sold homes, 45% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Kernersville Township, NC
How long does it take to sell a home in Kernersville Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 39 Days | +3.5% |
Summary: Homes in Kernersville Township had an average of 39 days on market in Mar 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in Kernersville Township; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.