Is Cherryville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Cherryville Township was a Neutral Market.
Housing Prices in Cherryville Township, NC
How much do homes in Cherryville Township, NC cost?
Median Sold Price
$245,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Cherryville Township was $245,000 in February 2024, up 2.1% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76.4K | $109K | +42.6% |
2 Bedrooms | $145.8K | $171K | +17.2% |
3 Bedrooms | $252K | $250K | -0.8% |
4 Bedrooms | $297K | $320K | +7.7% |
5+ Bedrooms | $465K | $341K | -26.7% |
Summary: Cherryville Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.6%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
Cherryville | $227K | $249.9K | +10.1% |
Bessemer City | $230K | $240K | +4.3% |
Cherryville Township | $240K | $245K | +2.1% |
Crowders Mountain Township | $245K | $247.7K | +1.1% |
Crouse | $349.9K | $251K | -28.3% |
Housing Supply in Cherryville Township, NC
How many homes are available in Cherryville Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
72 | 76 | +5.6% |
Summary: The Cherryville Township real estate market had 76 homes for sale in February 2024, a 5.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherryville Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 7 | -56.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Cherryville Township in February 2024, down by 56.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Cherryville Township, NC
How long does it take to sell a home in Cherryville Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
51 Days | 47 Days | -7.4% |
Summary: Homes in Cherryville Township had an average of 47 days on market in Feb 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in Cherryville Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.