Is Cherry Lane Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cherry Lane Township was a Neutral Market.
Housing Prices in Cherry Lane Township, NC
How much do homes in Cherry Lane Township, NC cost?
Median Sold Price
$403,500
$285/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Cherry Lane Township was $403,500 in May 2024, up 39.6% from last month, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $276K | N/A |
2 Bedrooms | - | $450K | N/A |
3 Bedrooms | $289K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Cherry Lane Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cherry Lane Township | $289K | $403.5K | +39.6% |
Glade Valley | $289K | $403.5K | +39.6% |
Housing Supply in Cherry Lane Township, NC
How many homes are available in Cherry Lane Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The Cherry Lane Township real estate market had 10 homes for sale in May 2024, a 42.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cherry Lane Township 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 increased by 200%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cherry Lane Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cherry Lane Township, NC
How long does it take to sell a home in Cherry Lane Township, NC?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 Days | 4 Days | -92.2% |
Summary: Homes in Cherry Lane Township had an average of 4 days on market in May 2024, down by 92.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Cherry Lane Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.