Is Sherrills Ford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherrills Ford is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sherrills Ford was a Seller's Market.

Key Takeaway

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

Housing Prices in Sherrills Ford, NC

How much do homes in Sherrills Ford, NC cost?

Median Sold Price

$420,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-2.3%)

Key Takeaway

Homes in Sherrills Ford have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Sherrills Ford was $420,000 in March 2024, down 2.3% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $460K$377K
-18.0%
3 $407K$432.4K
+6.3%
4 $680K$453.5K
-33.3%
5+ $374K$361K
-3.5%

Summary: Sherrills Ford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Cities

Davidson Township
-0.2%
Sherrills Ford
-2.3%
Denver
-3.3%
Mountain Creek Township
-9.3%

Housing Supply in Sherrills Ford, NC

How many homes are available in Sherrills Ford, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4867+39.6%

Summary: The Sherrills Ford real estate market had 67 homes for sale in March 2024, a 39.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1929
+52.6%
4 2229
+31.8%
5+ 33
0.0%

Summary: The Sherrills Ford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherrills Ford, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sherrills Ford in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Sherrills Ford, NC

How long does it take to sell a home in Sherrills Ford, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days22 Days-58.4%

Summary: Homes in Sherrills Ford had an average of 22 days on market in Mar 2024, down by 58.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 6 homes were sold in Sherrills Ford; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

Newest Listings in Sherrills Ford, NC

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