The Average Sales Price for Single-Family Homes in this market is $ 272,431. This is an increase of 12.3% from April 2019. The Average Sales Price for Townhomes is $265,708. This is an increase of 130.1% from April 2019.
- Kernersville Market Report Statistics
- Newest Listings in Kernersville
- Kernersville Housing Market with COVID-19
- New Listings & Closed Sales for April 2020
- Kernersville Median Sales Price and DOM
- Homes for Sale in April & DOM
- Shop Kernersville Homes under 400K
- Spotlight on Glennstone
- Browse New Homes in Glennstone
- Summary
- Map of Kernersville
- Request More Information
Kernersville Market Report Statistics
At the end of April 2020, there are 47 Single-Family homes and 4 Townhomes pending in Kernersville, NC. Inventory at the end of April shows 137 Single-Family Homes and 46 Townhomes still available for sale.
A total of 69 Single-Family properties closed in April 2020. This is a decrease of 5.5% from 2019 in April when there were 73 closings.
A total of 6 Townhomes closed in April 2020. This is a decrease of 14.3% from 2019 in April when there were 7 closings.
Analysis of the absorption rate indicates an inventory of 1.7 months for Single-Family homes and 5 months inventory for Townhomes in the Kernersville Real Estate Market.
Newest Listings in Kernersville
Kernersville Housing Market with COVID-19
Spring is a busy time in real estate when many sellers decide to list their property. Below is a table displaying how many sellers listed their property in April 2020 compared to the same time period in prior years. The number of new listings in April 2020 is 91 homes. There were also 91 homes listed in April 2019 and 99 homes in April 2018.
Closings continued in April 2020, and there were 69 closings of Single-Family Homes. Compared to April 2019, this is a decrease of 5.5% when 72 homes closed.
In North Carolina, once a home is under contract, it usually takes around six weeks for the property to close. So most of the transactions that closed in April 2020 were already under contract in late February or March.
New Listings & Closed Sales for April 2020
April 2020 New Listings
April 2020 Closed Sales
Kernersville Median Sales Price and DOM
| Month | Sale Price, Median | CDOM, Median |
|---|---|---|
| Jan 2019 | $215,000 | 29 |
| Feb 2019 | $229,900 | 11 |
| Mar 2019 | $212,750 | 15 |
| Apr 2019 | $239,000 | 11 |
| May 2019 | $210,383 | 8 |
| Jun 2019 | $227,000 | 5 |
| Jul 2019 | $226,000 | 6 |
| Aug 2019 | $240,000 | 13 |
| Sep 2019 | $212,000 | 6 |
| Oct 2019 | $214,000 | 15 |
| Nov 2019 | $238,525 | 6 |
| Dec 2019 | $248,500 | 13 |
| Jan 2020 | $237,500 | 12 |
| Feb 2020 | $232,000 | 12 |
| Mar 2020 | $247,000 | 19 |
| Apr 2020 | $255,450
|
5 |
Time frame is from Jan 2019 to Apr 2020
Homes for Sale in April & DOM
Shop Kernersville Homes under 400K
Spotlight on Glennstone
Glennstone is located in Kernersville, North Carolina. Building started in 2008 and continues through 2020. The typical lot size is .21 acre.
Properties feature 4 or 5 bedrooms with 2 or 3 car attached garage spaces. Living space ranges from around 1,760 sq. ft. up to 3,400 sq. ft. Home styles are 1, 1 1/2 or 2 stories.
There is a Homeowner’s Association. The HOA fee is $170 paid semi-annually.
Browse New Homes in Glennstone
Summary
- COVID-19 has certainly made the buying and selling of properties more complicated.
- If you are a homeowner considering selling your property, now might be a good time to list. There is already a shortage of inventory and less competition in all price brackets. Your home will stand out more with buyers.
- If you are in thinking about purchasing a home, mortgage rates are low. The low interest rate will help in the amount you qualify for and how much you will pay in interest. As long as your finances are in order and your job is secure, it might be a good time to buy.
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