Is Kernersville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kernersville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.5K | $120.2K | +4.1% |
2 Bedrooms | $191.2K | $207.5K | +8.5% |
3 Bedrooms | $299.4K | $311.2K | +3.9% |
4 Bedrooms | $397.9K | $409K | +2.8% |
5+ Bedrooms | $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 | $344.2K | $365K | +6.0% |
Kernersville | $325K | $339.9K | +4.6% |
Kernersville Township | $324.9K | $339.7K | +4.5% |
Deep River Township | $398K | $381.1K | -4.2% |
Colfax | $425K | $406.2K | -4.4% |
Housing Supply in Kernersville, NC
How many homes are available in Kernersville, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
219 | 236 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 110 | 125 | +13.6% |
4 Bedrooms | 72 | 71 | -1.4% |
5+ Bedrooms | 10 | 8 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 65 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 31 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
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.