Is Cherokee County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cherokee County was a Seller's Market.
Housing Prices in Cherokee County, NC
How much do homes in Cherokee County, NC cost?
Median Sold Price
$320,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cherokee County was $320,000 in March 2024, up 6.7% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $165K | -10.8% |
2 Bedrooms | $290K | $314K | +8.3% |
3 Bedrooms | $353.7K | $357K | +0.9% |
4 Bedrooms | $502.5K | $417.4K | -16.9% |
5+ Bedrooms | $292.4K | $340K | +16.3% |
Summary: Cherokee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
Monroe County | $259.4K | $304.9K | +17.5% |
Clay County | $358.3K | $405K | +13.0% |
Union County | $365K | $403.4K | +10.5% |
Cherokee County | $299.9K | $320K | +6.7% |
Housing Supply in Cherokee County, NC
How many homes are available in Cherokee County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
153 | 205 | +34.0% |
Summary: The Cherokee County real estate market had 205 homes for sale in March 2024, a 34.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 73 | 97 | +32.9% |
3 Bedrooms | 55 | 72 | +30.9% |
4 Bedrooms | 7 | 15 | +114.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Cherokee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 30.9%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cherokee County in March 2024, down by 16.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Cherokee County, NC
How long does it take to sell a home in Cherokee County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 72 Days | +1.4% |
Summary: Homes in Cherokee County had an average of 72 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Cherokee County; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.