Is Cherryville Township, 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 Township has remained a Seller's Market.
Key Takeaway
Cherryville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherryville Township, NC
How much do homes in Cherryville Township, NC cost?
Median Sold Price
$245,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cherryville Township have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Cherryville Township was $245,000 in June 2024, up 1.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.8K | $75K | +19.3% |
| 2 Bedrooms | $152.5K | $175K | +14.8% |
| 3 Bedrooms | $254.9K | $247.5K | -2.9% |
| 4 Bedrooms | $285K | $310K | +8.8% |
| 5+ Bedrooms | $465K | $342.5K | -26.3% |
Summary: Cherryville Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Cherryville | $233K | $250K | +7.3% |
| Cherryville Township | $241.3K | $245K | +1.5% |
| Bessemer City | $238.5K | $240K | +0.6% |
| Crowders Mountain Township | $250K | $250K | 0.0% |
Housing Supply in Cherryville Township, NC
How many homes are available in Cherryville Township, NC?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 82 | 85 | +3.7% |
Summary: The Cherryville Township real estate market had 85 homes for sale in June 2024, a 3.7% 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 60 | 64 | +6.7% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cherryville Township 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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherryville Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Cherryville Township in June 2024, the same as the previous month. Of the 18 sold homes, 39% were sold under asking, 44% were sold at asking, and 17% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -6.6% |
Summary: Homes in Cherryville Township had an average of 35 days on market in Jun 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherryville Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 18 homes were sold in Cherryville Township; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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