The Average Sales Price for Single-Family Homes in this market is $ 247,559. This is up 3.1% from the 4thrd QTR in 2018. The Average Sales Price for Townhomes is $192,857. This is up 50.6% from the 4thrd QTR in 2018.
- Kernersville Market Statistics - 4th QTR 2019
- New Kernersville Homes under 300K
- Kernersville Average Sales Price and DOM
- Looking Back 10 Years
- Comparison of Kernersville Inventory - 10 Years
- Kernersville Average Sales Price - Single-Family Homes 10 Years
- Kernersville Months Supply for Single Family Homes - 10 Years
- New Kernersville Homes under 400K
- Map of Kernersville
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Kernersville Market Statistics – 4th QTR 2019
At the end of the 4th QTR 2019, there are 218 Single-Family homes and 20 Townhomes pending in Kernersville, NC. At the end of December, there are 123 Single-Family Homes and 31 Townhomes still available for sale.
A total of 266 Single-Family properties closed during the 4th QTR in 2019. This is up 29.8% from 2018 when there were 205 closings.
A total of 26 Townhomes closed during the 4th QTR in 2019. This is decrease of 13.3% from 2018 when there were 30 closings.
Of the Single-Family Homes Closed, 67% were under contract the first 30 days on the market and 87% were under contract within 90 days. The most active price point is in the $200,000 to $300,000 range which made up 45% of the closed properties in the 4th QTR 2019.
New construction made up 29% of the closed homes in the 4th QTR 2019.
Analysis of the absorption rate indicates an inventory of 1.5 months for Single-Family homes and 3.2 months inventory for Townhomes in the Kernersville Real Estate Market.
New Kernersville Homes under 300K
Kernersville Average Sales Price and DOM
| Month | Sale Price, Average | CDOM, Median |
|---|---|---|
| Jan | $226,435 | 30 |
| Feb | $238,285 | 11 |
| Mar | $239,665 | 17 |
| Apr | $242,573 | 12 |
| May | $231,830 | 10 |
| Jun | $254,331 | 6 |
| Jul | $237,038 | 7 |
| Aug | $258,268 | 13 |
| Sep | $220,816 | 6 |
| Oct | $247,761 | 17 |
| Nov | $245,807 | 6 |
| Dec | $252,381 | 14 |
Time frame is from Jan 2019 to Dec 2019
Looking Back 10 Years
Below of 3 interactive charts showing the Inventory of Homes, Average Sales Price for Single-Family Homes, and Months Inventory for Single-Family Properties in Kernersville, North Carolina. The charts go back in time to January 2010 through January 2020. You can scroll over the charts to see monthly data points. As you can see, the supply of homes in Kernersville has been shrinking drastically especially in the last five years because of high buyer demand.
Comparison of Kernersville Inventory – 10 Years
Kernersville Average Sales Price – Single-Family Homes 10 Years
Kernersville Months Supply for Single Family Homes – 10 Years
New Kernersville Homes under 400K
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