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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherryville Township is a buyer's market

Buyer's
Market

Difference Since February 2022

At the same time last year, Cherryville Township was a Seller's Market.

Key Takeaway

Cherryville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Cherryville Township, NC cost?

Median Sold Price

$240,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$38,105(+18.9%)

Key Takeaway

Homes in Cherryville Township have sold for 18.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $54.5K$76.4K
+40.3%
2 $135.7K$145K
+6.9%
3 $210K$252K
+20.0%
4 $245K$297K
+21.2%
5+ $347K$465K
+34.0%

Median Sold Price Compared To Nearby Cities

Bessemer City
+31.4%
Crowders Mountain Township
+22.3%
Cherryville Township
+18.9%
Cherryville
+16.6%

How many homes are available in Cherryville Township, NC?

Number of Homes For Sale

Jan 2023Feb 2023%
6580+23.1%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
0.0%
2 714
+100.0%
3 4651
+10.9%
4 1115
+36.4%
5+ 10
-100.0%

Number of Homes Sold

Jan 2023Feb 2023%
1110-9.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherryville Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
29 Days57 Days+92.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherryville 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 Cherryville Township, NC

Number of homes for sale in Cherryville Township, NC real estate market have reached 80. The inventory of homes for sale in Cherryville Township, NC between January 2023 and February 2023 increased by 23.1%. In February 2023, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $240,000. Real estate listing prices changed between January 2023 and February 2023: prices of 1 bedroom properties went up by 40.3%, prices of 2 bedrooms properties went up by 6.9%, prices of 3 bedrooms properties went up by 20%, prices of 4 bedrooms properties went up by 21.2%, 5 bedrooms properties became 34% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 100%, 3 bedrooms homes inventory increased by 10.9%, 4 bedrooms homes became 36.4% more available, number of 5 bedrooms homes decreased by 100%. Cherryville Township, NC housing market in February 2023 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 6 sold below.

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