Enjoy this Kernersville Market Report for the 1st QTR 2024. Statistics include Median Sales Price, Inventory Levels, Days on Market, and Months Supply of Inventory. If you need assistance in buying or selling a home in Kernersville, North Carolina, contact Megan Clement with Keller Williams Realty at 336-239-7501.
- Kernersville Market 1st QTR 2024
- Newest Listings in Kernersville
- Low Inventory Prices Still Rising
- Inventory of Homes & Months Supply by Property Type
- Number of New Listings & Closings
- About Glennview Townhomes
- Glennview - New Construction
- Median Sales Price & Average Sales Price for 10 year period
- Kernersville Market 1st QTR 2024 Closed Sales
- About Barrow Farms
- Barrow Farm
- Earlier Market Reports
- Kernersville Market 1st QTR 2024 Summary
- Map of Kernersville
- Request More Information
Kernersville Market 1st QTR 2024
In the Kernersville Market 1st QTR 2024, the Average Sales Price for a Single-Family Home is $369,444. This is an increase of +13.5% from the 1st QTR in 2023. For Townhome Listings, the Average Sales Price is $271,649. This is a increase of +8.3% from the 1st QTR in 2023.
At the end of the 1st QTR 2024, there are 170 Single-Family homes and 50 Townhomes pending in the Kernersville, NC Real Estate Market.
Inventory at the end of March 2024, there are 99 Single-Family Homes, which is an increase of +10% from the 1st QTR 2023. At the end of the 1st QTR 2024, there are 31 Townhomes still available for sale. This is an increase of of +138.5% from the 1st Quarter 2023 when there were only 13 Townhomes available.
In the 4th QTR 2023, Sellers were receiving 99.4% of their list price for Single-Family Homes and 98.9% of their list price for Townhomes.
Newest Listings in Kernersville
Low Inventory Prices Still Rising
In the Kernersville Real Estate Market, the economic principle of Supply is the available Inventory of Homes for Sale and Demand is the Number of Active Buyers in the market.
Below are 2 interactive charts showing the Inventory of Homes and Median Sales Price for Single-Family Homes in Kernersville, North Carolina thru March 2024. You can scroll over the charts to see monthly data points.
Inventory of Homes & Months Supply by Property Type
Kernersville Market 1st QTR 2024
Inventory Levels for Existing & New
Kernersville Market 1st QTR 2024
Months Supply by Construction Type
Number of New Listings & Closings
| Primary Year | Number of New Listings | Sales, Number of |
|---|---|---|
| 2014 | 735 | 746 |
| 2015 | 825 | 807 |
| 2016 | 931 | 917 |
| 2017 | 1,098 | 1,121 |
| 2018 | 1,069 | 1,069 |
| 2019 | 1,158 | 1,139 |
| 2020 | 1,128 | 1,190 |
| 2021 | 1,246 | 1,257 |
| 2022 | 1,034 | 1,078 |
| 2023 | 947 | 885 |
| 2024 | 270 | 183 |
Time frame is from Jan 2014 to Mar 2024
About Glennview Townhomes
Glennview is a new townhome community located off Union Cross Road in Kernersville. The homes are 2 stories with 2 or 3 bedrooms and 1 car garage space. Square footage ranges from 1,200 sq. ft. up to 1,800 sq. ft.
The builder is D.R. Horton and construction started in 2024. There is a Homeowners Association. The HOA dues are $180 paid monthly.
Glennview – New Construction
Median Sales Price & Average Sales Price for 10 year period
| Primary Year | Sale Price, Median | Sale Price, Average |
|---|---|---|
| 2014 | $154,000 | $173,901 |
| 2015 | $159,900 | $179,061 |
| 2016 | $168,700 | $186,597 |
| 2017 | $173,000 | $194,229 |
| 2018 | $187,500 | $209,429 |
| 2019 | $219,900 | $224,415 |
| 2020 | $239,450 | $249,250 |
| 2021 | $265,020 | $274,933 |
| 2022 | $315,000 | $327,792 |
| 2023 | $321,010 | $333,359 |
| 2024 | $329,900 | $343,340 |
Time frame is from Jan 2014 to Mar 2024
Kernersville Market 1st QTR 2024 Closed Sales
A total of 142 Single-Family properties closed in the Kernersville Market in the 1st QTR 2024. This is a decrease of -1.4% from the 1st QTR 2023 when there were 144 closings.
A total of 37 Townhomes closed during the 1st QTR in 2024. This is an increase of +54.2% from 1st QTR 2023 when there were 24 closings.
Of the Single-Family Homes closed, 59% were under contract the first 30 days on the market. The most active price point is in the $300,000 to $399,999 range, which made up 39% of the closed properties in the 1st QTR 2024.
Analysis of the absorption rate indicates an inventory of 1.7 months for Single-Family homes and 2.0 months inventory for Townhomes in the Kernersville Real Estate Market.
About Barrow Farms
Barrow Farms feature 2 story homes with 3 or 4 bedrooms. Living space ranges from 2,000 sq. ft. up to 3,200 sq. ft. with 2 car garage spaces. Lot size range from .81 acre to 1.2 acre.
Barrow Farm
Earlier Market Reports
Kernersville Market 1st QTR 2024 Summary
Kernersville, NC Stats Summary
New listings decreased by -3.2% for Single Family Homes in Kernersville from the previous year. Pending sales decreased by -0.6%. Closed Sales decreased by -1.4%.
The Median Sales Price for a Single-Family Home was $340,591. This was an increase of +6.6% from the 1st QTR 2023. The Average Sales Price for a Single-Family Home was $369,444 at the end of the 1st QTR 2024. This was an increase of +13.5% from the 1st QTR 2023.
Sellers are receiving 99.4% of their List Price. Inventory levels of Single-Family Homes increased by +10% from the 1st QTR 2023. At the end of the 1st QTR 2024, 99 Single-Family Homes were available. Homebuyers wanting to enter the market will continue to be challenged by the low inventory levels.
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