Is Cheeks Township, NC 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, Cheeks Township was a Seller's Market.
Housing Prices in Cheeks Township, NC
How much do homes in Cheeks Township, NC cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cheeks Township was $375,000 in April 2024, up 0.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $296.5K | $315K | +6.2% |
3 Bedrooms | $340K | $360K | +5.9% |
4 Bedrooms | $395.7K | $390.9K | -1.2% |
5+ Bedrooms | $404.9K | $406K | 0.3% |
Summary: Cheeks Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $427.7K | $515K | +20.4% |
Efland | $375K | $425K | +13.3% |
Hillsborough Township | $447.5K | $481K | +7.5% |
Mebane | $368.5K | $377.7K | +2.5% |
Cheeks Township | $373.2K | $375K | 0.5% |
Housing Supply in Cheeks Township, NC
How many homes are available in Cheeks Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The Cheeks Township real estate market had 54 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cheeks Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Cheeks Township in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Cheeks Township, NC
How long does it take to sell a home in Cheeks Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 14 Days | -86.2% |
Summary: Homes in Cheeks Township had an average of 14 days on market in Apr 2024, down by 86.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Cheeks Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.