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 April 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

$339,735

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,758(+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 $339,735 in April 2024, up 4.5% 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$207.7K
+8.7%
3 $295.5K$310.2K
+5.0%
4 $396.4K$409.4K
+3.3%
5+ $456K$456K
0.0%

Summary: Kernersville Township 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 8.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Walkertown
+6.4%
Abbotts Creek Township
+6.0%
Kernersville
+4.6%
Kernersville Township
+4.5%
Colfax
-4.4%

Housing Supply in Kernersville Township, NC

How many homes are available in Kernersville Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
225240+6.7%

Summary: The Kernersville Township real estate market had 240 homes for sale in April 2024, a 6.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2631
+19.2%
3 114127
+11.4%
4 7473
-1.4%
5+ 108
-20.0%

Summary: The Kernersville Township 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 11.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6866-2.9%

Asking Price vs. Sold Price

21 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 Township, expect to pay close to the asking price. 47% of homes here sold near the asking price last month.

Summary: A total of 66 homes were sold or pending in Kernersville Township in April 2024, down by 2.9% month-over-month. Of the 66 sold homes, 32% were sold under asking, 47% were sold at asking, and 21% 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

Apr 2023Apr 2024CHANGE
26 Days31 Days+17.2%

Summary: Homes in Kernersville Township had an average of 31 days on market in Apr 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

47 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 66 homes were sold in Kernersville Township; 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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