Is Cheeks Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheeks Township is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Cheeks Township was a Neutral Market.

Key Takeaway

Cheeks Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cheeks Township, NC cost?

Median Sold Price

$350,000

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$93,000(+36.2%)

Key Takeaway

Homes in Cheeks Township have sold for 36.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $111K-
N/A
2 $224.5K$251K
+11.8%
3 $248.9K$325K
+30.6%
4 $284.5K$420K
+47.6%
5+ $289.9K$404.9K
+39.7%

Median Sold Price Compared To Nearby Cities

Cedar Grove Township
+47.0%
Cheeks Township
+36.2%
Mebane
+27.8%
Hillsborough Township
+19.6%

How many homes are available in Cheeks Township, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
3536+2.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 23
+50.0%
3 1617
+6.3%
4 911
+22.2%
5+ 85
-37.5%

Number of Homes Sold

Sep 2022Oct 2022%
880.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheeks Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days13 Days+43.5%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheeks Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cheeks Township, NC

Number of homes for sale in Cheeks Township, NC real estate market have reached 36. The number of homes for sale in Cheeks Township, NC increased by 2.9% between September 2022 and October 2022. While the average time on the market in October 2022 was 13 days, the median list price was $350,000. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 11.8%, 3 bedrooms properties became 30.6% more expensive, 4 bedrooms properties became 47.6% more expensive, 5 bedrooms properties became 39.7% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 50%, 3 bedrooms homes became 6.3% more available, volume of 4 bedrooms homes went up by 22.2%, the quantity of 5 bedrooms homes went down by 37.5%. In October 2022 more than 2 listings in Cheeks Township, NC were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 2 were sold below.

Related Housing Market Reports