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 April 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

$339,913

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,913(+4.6%)

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 $339,913 in April 2024, up 4.6% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115.5K$120.2K
+4.1%
2 $191.2K$207.5K
+8.5%
3 $299.4K$311.2K
+3.9%
4 $397.9K$409K
+2.8%
5+ $464.4K$456K
-1.8%

Summary: Kernersville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Abbotts Creek Township
+6.0%
Kernersville
+4.6%
Kernersville Township
+4.5%
Deep River Township
-4.2%
Colfax
-4.4%

Housing Supply in Kernersville, NC

How many homes are available in Kernersville, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
219236+7.8%

Summary: The Kernersville real estate market had 236 homes for sale in April 2024, a 7.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2631
+19.2%
3 110125
+13.6%
4 7271
-1.4%
5+ 108
-20.0%

Summary: The Kernersville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6665-1.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kernersville, expect to pay close to the asking price. 47.7% of homes here sold near the asking price last month.

Summary: A total of 65 homes were sold or pending in Kernersville in April 2024, down by 1.5% month-over-month. Of the 65 sold homes, 31% were sold under asking, 48% were sold at asking, and 22% 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

Apr 2023Apr 2024CHANGE
26 Days31 Days+17.7%

Summary: Homes in Kernersville had an average of 31 days on market in Apr 2024, up by 17.7% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

8 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 April 2024, 65 homes were sold in Kernersville; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% 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 9 Days Ago

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