Enjoy this Kernersville Market Report for the 3rd QTR 2022. 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 3rd QTR 2022
- Newest Listings in Kernersville
- Low Inventory Prices Still Rising
- Inventory & Median Home Prices by Property Type
- Number of New Listings & Closings
- Brunswick Crossing New Construction
- Kernersville Market 3rd QTR 2022 Closed Sales
- Earlier Market Reports
- Kernersville Market 3rd QTR 2022 Summary
- Map of Kernersville
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Kernersville Market 3rd QTR 2022
In the Kernersville Market 3rd QTR 2022, the Average Sales Price for a Single-Family Home is $366,265. This is an increase of +21.9% from the 3rd QTR in 2021. For Townhome Listings, the Average Sales Price is $256,484. This is an increase of +14.2% from the 3rd QTR in 2021.
At the end of the 3rd QTR 2022, there are 198 Single-Family homes and 31 Townhomes pending in the Kernersville, NC Real Estate Market.
Inventory at the end of September 2022, there are 109 Single-Family Homes, which is an increase of +67.7% from the 3rd QTR 2021. At the end of the 3rd QTR 2022, there are 18 Townhomes still available for sale. This is a decrease of -33.3% from the 3rd Quarter 2021 when there were 27 Townhomes available.
In the 3rd QTR 2022, Sellers were receiving 101% of their list price for Single-Family Homes and 102.3% 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 the end of September 2022. You can scroll over the charts to see monthly data points.
Inventory & Median Home Prices by Property Type
Kernersville Market 3rd QTR 2022
Inventory Levels
Kernersville Market 3rd QTR 2022
Median Sales Price
Number of New Listings & Closings
| Primary Year | Number of New Listings | Sales, Number of |
|---|---|---|
| 2017 | 1,044 | 1,063 |
| 2018 | 1,014 | 1,012 |
| 2019 | 1,084 | 1,072 |
| 2020 | 1,077 | 1,124 |
| 2021 | 1,185 | 1,193 |
| 2022 | 853 | 786 |
Time frame is from Jan 2017 to Sep 2022
Brunswick Crossing New Construction
Kernersville Market 3rd QTR 2022 Closed Sales
A total of 232 Single-Family properties closed in the Kernersville Market in the 3rd QTR 2022. This is a decrease of -17.1% from 2021 when there were 280 closings during this time frame.
A total of 56 Townhomes closed during the 3rd QTR in 2022. This is a decrease of -8.2% from 2021 when there were 61 closings.
Of the Single-Family Homes closed, 90% 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 36% of the closed properties in the 3rd QTR 2022.
Analysis of the absorption rate indicates an inventory of 1.5 months for Single-Family homes and 1.4 months inventory for Townhomes in the Kernersville Real Estate Market.
Earlier Market Reports
Kernersville Market 3rd QTR 2022 Summary
Kernersville, NC Stats Summary
New listings decreased by -18.1% in Kernersville from the previous year. Pending sales decreased by -28.5%. Closed Sales decreased by -17.1%.
The Median Sales Price for a Single-Family Home was $ 350,000. This is an increase of +25% from the 3rd QTR 2021. The Average Sales Price for a Single-Family Home was $ 366,265 at the end of the 3rd QTR 2022. This was an increase of +21.9% from the 3rd QTR 2021.
Sellers are receiving 101% of their List Price. Inventory levels of Single-Family Homes increased by +67.7% from the 3rd QTR 2021. At the end of the 3rd QTR 2022, 109 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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