Is Cherokee County, SC 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, Cherokee County has remained a Seller's Market.
Housing Prices in Cherokee County, SC
How much do homes in Cherokee County, SC cost?
Median Sold Price
$219,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cherokee County was $219,900 in April 2024, up 10% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $150K | -3.2% |
2 Bedrooms | $109K | $137K | +25.7% |
3 Bedrooms | $205K | $219K | +6.8% |
4 Bedrooms | $289.9K | $247.9K | -14.5% |
5+ Bedrooms | $319.7K | $350K | +9.5% |
Summary: Cherokee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Cherokee County | $199.9K | $219.9K | +10.0% |
Spartanburg County | $260.3K | $278.1K | +6.9% |
Union County | $155K | $165K | +6.5% |
Cleveland County | $225.2K | $234.6K | +4.2% |
York County | $379.7K | $387.6K | +2.1% |
Housing Supply in Cherokee County, SC
How many homes are available in Cherokee County, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
173 | 188 | +8.7% |
Summary: The Cherokee County real estate market had 188 homes for sale in April 2024, a 8.7% 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 | 20 | 20 | 0.0% |
3 Bedrooms | 105 | 116 | +10.5% |
4 Bedrooms | 42 | 44 | +4.8% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Cherokee County 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 remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 42 | +110.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Cherokee County in April 2024, up by 110.0% month-over-month. Of the 36 sold homes, 39% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Cherokee County, SC
How long does it take to sell a home in Cherokee County, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 35 Days | -0.7% |
Summary: Homes in Cherokee County had an average of 35 days on market in Apr 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Cherokee County; 48% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.