Is Cheeks Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheeks Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cheeks Township was a Seller's Market.

Key Takeaway

Cheeks Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cheeks Township, NC

How much do homes in Cheeks Township, NC cost?

Median Sold Price

$369,900

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,003(-2.4%)

Key Takeaway

Homes in Cheeks Township have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Cheeks Township was $369,900 in November 2024, down 2.4% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$247K
N/A
2 $312K$315K
+1.0%
3 $350K$360K
+2.9%
4 $397.2K$428K
+7.8%
5+ $407K$469.4K
+15.3%

Summary: Cheeks Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Hillsborough Township
+13.9%
Cedar Grove Township
+3.2%
Cheeks Township
-2.4%
Mebane
-2.7%
Efland
-16.9%

Housing Supply in Cheeks Township, NC

How many homes are available in Cheeks Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
68680.0%

Summary: The Cheeks Township real estate market had 68 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 3631
-13.9%
4 2024
+20.0%
5+ 78
+14.3%

Summary: The Cheeks Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheeks Township, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Cheeks Township in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
80 Days54 Days-32.0%

Summary: Homes in Cheeks Township had an average of 54 days on market in Nov 2024, down by 32% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cheeks Township has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Cheeks Township; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Cheeks Township, NC

Nearby Markets to Cheeks Township, NC

What housing markets are near Cheeks Township, NC?