Is Cheraw, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheraw is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Cheraw was a Buyer's Market.

Key Takeaway

Cheraw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cheraw, SC

How much do homes in Cheraw, SC cost?

Median Sold Price

$342,500

$164/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$132,500(+63.1%)

Key Takeaway

Homes in Cheraw have sold for 63.1% more than they did a month ago.

Summary: The median home sold price in Cheraw was $342,500 in March 2024, up 63.1% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $210K$342.5K
+63.1%
4 --
N/A
5+ --
N/A

Summary: Cheraw housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 63.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cheraw, SC

How many homes are available in Cheraw, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
910+11.1%

Summary: The Cheraw real estate market had 10 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 97
-22.2%
4 01
+100.0%
5+ 00
0.0%

Summary: The Cheraw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheraw, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cheraw in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cheraw, SC

How long does it take to sell a home in Cheraw, SC?

Average Sale Time

Feb 2024Mar 2024CHANGE
68 Days64 Days-5.9%

Summary: Homes in Cheraw had an average of 64 days on market in Mar 2024, down by 5.9% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Cheraw has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Cheraw; 0% of homes were sold within 30 days, 100% 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 28 Days Ago

Newest Listings in Cheraw, SC

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