Is Kernersville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$339,750
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kernersville was $339,750 in May 2024, up 4.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.1K | $120K | +4.3% |
2 Bedrooms | $191.2K | $207K | +8.2% |
3 Bedrooms | $295K | $310.3K | +5.2% |
4 Bedrooms | $397.3K | $404.3K | +1.7% |
5+ Bedrooms | $464.9K | $446K | -4.1% |
Summary: Kernersville 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 8.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Kernersville | $324.6K | $339.7K | +4.6% |
Kernersville Township | $324.7K | $339.3K | +4.5% |
Abbotts Creek Township | $349.8K | $359.9K | +2.9% |
Colfax | $426.8K | $410K | -4.0% |
Deep River Township | $399.9K | $383.5K | -4.1% |
Housing Supply in Kernersville, NC
How many homes are available in Kernersville, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
252 | 269 | +6.7% |
Summary: The Kernersville real estate market had 269 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 31 | 31 | 0.0% |
3 Bedrooms | 130 | 146 | +12.3% |
4 Bedrooms | 81 | 78 | -3.7% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Kernersville 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 12.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 72 | +4.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Kernersville in May 2024, up by 4.3% 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, NC
How long does it take to sell a home in Kernersville, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | -1.2% |
Summary: Homes in Kernersville had an average of 31 days on market in May 2024, down by 1.2% 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
Summary: During May 2024, 72 homes were sold in Kernersville; 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.