Is Cherryville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cherryville has remained a Seller's Market.
Housing Prices in Cherryville, NC
How much do homes in Cherryville, NC cost?
Median Sold Price
$250,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cherryville was $250,000 in June 2024, up 7.3% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.1K | $75K | +52.5% |
2 Bedrooms | $150K | $175K | +16.7% |
3 Bedrooms | $244.5K | $252.4K | +3.3% |
4 Bedrooms | $303K | $345K | +13.9% |
5+ Bedrooms | $397K | $342.5K | -13.7% |
Summary: Cherryville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
Cherryville | $233K | $250K | +7.3% |
Cherryville Township | $241.3K | $245K | +1.5% |
Housing Supply in Cherryville, NC
How many homes are available in Cherryville, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
52 | 54 | +3.8% |
Summary: The Cherryville real estate market had 54 homes for sale in June 2024, a 3.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 36 | 38 | +5.6% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cherryville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cherryville in June 2024, up by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.
Days on Market for Cherryville, NC
How long does it take to sell a home in Cherryville, NC?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 42 Days | -0.6% |
Summary: Homes in Cherryville had an average of 42 days on market in Jun 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Cherryville; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.