Is Sherrills Ford, 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, Sherrills Ford was a Seller's Market.
Key Takeaway
Sherrills Ford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sherrills Ford, NC
How much do homes in Sherrills Ford, NC cost?
Median Sold Price
$429,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sherrills Ford have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Sherrills Ford was $429,000 in April 2024, up 0.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $445K | $377K | -15.3% |
| 3 Bedrooms | $415K | $429.4K | +3.5% |
| 4 Bedrooms | $675K | $645K | -4.4% |
| 5+ Bedrooms | $357.4K | $370.6K | +3.7% |
Summary: Sherrills Ford 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 decreased by 15.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Sherrills Ford | $425K | $429K | +0.9% |
| Davidson Township | $625.9K | $631.4K | +0.9% |
| Mountain Creek Township | $458.3K | $453.5K | -1.1% |
| Denver | $487.4K | $474.9K | -2.6% |
Housing Supply in Sherrills Ford, NC
How many homes are available in Sherrills Ford, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 84 | +31.3% |
Summary: The Sherrills Ford real estate market had 84 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 30 | 40 | +33.3% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sherrills Ford 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 60%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherrills Ford, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sherrills Ford in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Sherrills Ford, NC
How long does it take to sell a home in Sherrills Ford, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 48 Days | +25.3% |
Summary: Homes in Sherrills Ford had an average of 48 days on market in Apr 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherrills Ford are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Sherrills Ford; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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