Is Cherry Grove, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cherry Grove was a Seller's Market.
Key Takeaway
Cherry Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Grove, SC
How much do homes in Cherry Grove, SC cost?
Median Sold Price
$516,250
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cherry Grove have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Cherry Grove was $516,250 in April 2024, up 20.1% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233.2K | $241K | +3.3% |
| 2 Bedrooms | $328K | $290K | -11.6% |
| 3 Bedrooms | $490K | $540K | +10.2% |
| 4 Bedrooms | $662.5K | $774K | +16.8% |
| 5+ Bedrooms | $850K | $777.5K | -8.5% |
Summary: Cherry Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in Cherry Grove, SC
How many homes are available in Cherry Grove, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 145 | +5.1% |
Summary: The Cherry Grove real estate market had 145 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 53 | 52 | -1.9% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Cherry Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Grove, you may be able to get a good deal. 94.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cherry Grove in April 2024, down by 32.0% month-over-month. Of the 17 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Grove, SC
How long does it take to sell a home in Cherry Grove, SC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 108 Days | -1.0% |
Summary: Homes in Cherry Grove had an average of 108 days on market in Apr 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cherry Grove has remained consistent over time.
Summary: During April 2024, 17 homes were sold in Cherry Grove; 0% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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