Is Kernersville Township, 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 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
$339,325
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kernersville Township was $339,325 in May 2024, up 4.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115.1K | $120K | +4.3% |
2 Bedrooms | $191.2K | $207.2K | +8.4% |
3 Bedrooms | $295K | $310K | +5.1% |
4 Bedrooms | $397.3K | $405K | +1.9% |
5+ Bedrooms | $464K | $446K | -3.9% |
Summary: Kernersville Township 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 8.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.9%.
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% |
Walkertown | $305K | $301.5K | -1.1% |
Colfax | $426.8K | $410K | -4.0% |
Housing Supply in Kernersville Township, NC
How many homes are available in Kernersville Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
256 | 276 | +7.8% |
Summary: The Kernersville Township real estate market had 276 homes for sale in May 2024, a 7.8% 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 | 132 | 151 | +14.4% |
4 Bedrooms | 83 | 80 | -3.6% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Kernersville Township 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 14.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 72 | +2.9% |
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 Township in May 2024, up by 2.9% 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 Township, NC
How long does it take to sell a home in Kernersville Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 31 Days | -0.5% |
Summary: Homes in Kernersville Township had an average of 31 days on market in May 2024, down by 0.5% 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 Township; 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.