Is Cherokee County, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$219,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cherokee County was $219,000 in May 2024, up 1.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $150K | -3.2% |
2 Bedrooms | $122.5K | $145K | +18.4% |
3 Bedrooms | $222.7K | $218K | -2.1% |
4 Bedrooms | $299.9K | $247.7K | -17.4% |
5+ Bedrooms | $319.4K | $350K | +9.5% |
Summary: Cherokee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Counties
Cleveland County | $225.1K | $236.2K | +4.9% |
Spartanburg County | $269.9K | $279.1K | +3.4% |
York County | $378.6K | $389.3K | +2.8% |
Cherokee County | $214.9K | $219K | +1.9% |
Union County | $159.9K | $160K | 0.0% |
Housing Supply in Cherokee County, SC
How many homes are available in Cherokee County, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
181 | 175 | -3.3% |
Summary: The Cherokee County real estate market had 175 homes for sale in May 2024, a 3.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 118 | 114 | -3.4% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Cherokee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 40 | -2.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Cherokee County in May 2024, down by 2.4% month-over-month. Of the 32 sold homes, 47% were sold under asking, 25% were sold at asking, and 28% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 23 Days | -44.4% |
Summary: Homes in Cherokee County had an average of 23 days on market in May 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Cherokee County; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.