Is Cherryville Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cherryville Township has remained a Seller's Market.
Housing Prices in Cherryville Township, NC
How much do homes in Cherryville Township, NC cost?
Median Sold Price
$240,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cherryville Township was $240,000 in April 2024, down 2.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.8K | $75K | +19.3% |
2 Bedrooms | $150K | $168.5K | +12.3% |
3 Bedrooms | $255.2K | $250K | -2.1% |
4 Bedrooms | $310K | $320K | +3.2% |
5+ Bedrooms | $465K | $350K | -24.7% |
Summary: Cherryville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Cities
Bessemer City | $231.9K | $244K | +5.2% |
Cherryville | $233K | $242.5K | +4.1% |
Crowders Mountain Township | $245K | $250.7K | +2.4% |
Cherryville Township | $247K | $240K | -2.8% |
Crouse | $349.9K | $250K | -28.6% |
Housing Supply in Cherryville Township, NC
How many homes are available in Cherryville Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 92 | +10.8% |
Summary: The Cherryville Township real estate market had 92 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 53 | 61 | +15.1% |
4 Bedrooms | 13 | 11 | -15.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cherryville Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Cherryville Township in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Cherryville Township, NC
How long does it take to sell a home in Cherryville Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 79 Days | +18.3% |
Summary: Homes in Cherryville Township had an average of 79 days on market in Apr 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Cherryville Township; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.