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 November 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

$334,718

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,290(+1.6%)

Key Takeaway

Homes in Kernersville have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Kernersville was $334,718 in November 2024, up 1.6% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $117.7K$125.2K
+6.4%
2 $206.5K$202.5K
-1.9%
3 $300K$315K
+5.0%
4 $412.5K$408K
-1.1%
5+ $450K$444.5K
-1.2%

Summary: Kernersville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Kernersville
+1.6%
Kernersville Township
+1.1%
Colfax
+0.6%
Abbotts Creek Township
-2.8%
Deep River Township
-4.3%

Housing Supply in Kernersville, NC

How many homes are available in Kernersville, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
289268-7.3%

Summary: The Kernersville real estate market had 268 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3130
-3.2%
3 153142
-7.2%
4 8579
-7.1%
5+ 1816
-11.1%

Summary: The Kernersville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5855-5.2%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kernersville, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Kernersville in November 2024, down by 5.2% month-over-month. Of the 55 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
36 Days52 Days+43.2%

Summary: Homes in Kernersville had an average of 52 days on market in Nov 2024, up by 43.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

10 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 November 2024, 55 homes were sold in Kernersville; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 20 Days Ago

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