Is Kernersville Township, 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 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
$339,735
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.5K | $120.2K | +4.1% |
2 Bedrooms | $191.2K | $207.7K | +8.7% |
3 Bedrooms | $295.5K | $310.2K | +5.0% |
4 Bedrooms | $396.4K | $409.4K | +3.3% |
5+ Bedrooms | $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 | $280K | $298K | +6.4% |
Abbotts Creek Township | $344.2K | $365K | +6.0% |
Kernersville | $325K | $339.9K | +4.6% |
Kernersville Township | $324.9K | $339.7K | +4.5% |
Colfax | $425K | $406.2K | -4.4% |
Housing Supply in Kernersville Township, NC
How many homes are available in Kernersville Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
225 | 240 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 31 | +19.2% |
3 Bedrooms | 114 | 127 | +11.4% |
4 Bedrooms | 74 | 73 | -1.4% |
5+ Bedrooms | 10 | 8 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 66 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 31 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
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.