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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kernersville Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Kernersville Township, NC

How much do homes in Kernersville Township, NC cost?

Median Sold Price

$339,325

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,566(+4.5%)

Key Takeaway

Homes in Kernersville Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Kernersville Township was $339,325 in May 2024, up 4.5% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115.1K$120K
+4.3%
2 $191.2K$207.2K
+8.4%
3 $295K$310K
+5.1%
4 $397.3K$405K
+1.9%
5+ $464K$446K
-3.9%

Summary: Kernersville Township 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 8.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Kernersville
+4.6%
Kernersville Township
+4.5%
Abbotts Creek Township
+2.9%
Walkertown
-1.1%
Colfax
-4.0%

Housing Supply in Kernersville Township, NC

How many homes are available in Kernersville Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
256276+7.8%

Summary: The Kernersville Township real estate market had 276 homes for sale in May 2024, a 7.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 3131
0.0%
3 132151
+14.4%
4 8380
-3.6%
5+ 912
+33.3%

Summary: The Kernersville Township 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 14.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7072+2.9%

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 Township, 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 Township in May 2024, up by 2.9% 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 Township, NC

How long does it take to sell a home in Kernersville Township, NC?

Average Sale Time

May 2023May 2024CHANGE
31 Days31 Days-0.5%

Summary: Homes in Kernersville Township had an average of 31 days on market in May 2024, down by 0.5% 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 72 homes were sold in Kernersville Township; 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

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