$10,000 Closing Credit*
$985,000
1,960 SqFt
2 Beds
•2 Full Baths, 1 Partial
Patricia Roberts, Alia Graham, Listing Office: Keller Williams Central
Is Cheeks Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cheeks Township has remained a Seller's Market.
Key Takeaway
Cheeks Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheeks Township, NC
How much do homes in Cheeks Township, NC cost?
Median Sold Price
$367,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,742(-3.4%)
Key Takeaway
Homes in Cheeks Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Cheeks Township was $367,000 in October 2024, down 3.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $247K | N/A |
| 2 Bedrooms | $308.5K | $315K | +2.1% |
| 3 Bedrooms | $350K | $357K | +2.0% |
| 4 Bedrooms | $397.5K | $425K | +6.9% |
| 5+ Bedrooms | $407.4K | $467.5K | +14.7% |
Summary: Cheeks Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Hillsborough Township | $434.7K | $517.2K | +19.0% |
| Cedar Grove Township | $454K | $490K | +7.9% |
| Mebane | $379.5K | $368.3K | -3.0% |
| Cheeks Township | $379.7K | $367K | -3.4% |
| Efland | $503.5K | $449K | -10.8% |
Housing Supply in Cheeks Township, NC
How many homes are available in Cheeks Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Summary: The Cheeks Township real estate market had 64 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Cheeks Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheeks Township, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Cheeks Township in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 45% were sold under asking, 55% were sold at asking, and 0% were sold over asking.
Days on Market for Cheeks Township, NC
How long does it take to sell a home in Cheeks Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 77 Days | +70.9% |
Summary: Homes in Cheeks Township had an average of 77 days on market in Oct 2024, up by 70.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cheeks Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in Cheeks Township; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.