$3,561 Closing Credit*
$299,900
1,940 SqFt
3 Beds
•2 Full Baths
Listing Office: The Agency Real Estate Group
Is Cherryville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cherryville was a Neutral Market.
Key Takeaway
Cherryville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherryville, NC
How much do homes in Cherryville, NC cost?
Median Sold Price
$255,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.3%)
Key Takeaway
Homes in Cherryville have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Cherryville was $255,000 in November 2024, up 6.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $118K | +57.3% |
| 2 Bedrooms | $162.5K | $205K | +26.2% |
| 3 Bedrooms | $250K | $255K | +2.0% |
| 4 Bedrooms | $320K | $345K | +7.8% |
| 5+ Bedrooms | $345.5K | $342.5K | -0.9% |
Summary: Cherryville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.3%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Cherryville | $240K | $255K | +6.3% |
| Cherryville Township | $239.9K | $255K | +6.3% |
Housing Supply in Cherryville, NC
How many homes are available in Cherryville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 60 | -6.3% |
Summary: The Cherryville real estate market had 60 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 40 | 34 | -15.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Cherryville 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 increased by 25%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 7 | -58.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherryville, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Cherryville in November 2024, down by 58.8% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Cherryville, NC
How long does it take to sell a home in Cherryville, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 54 Days | -24.9% |
Summary: Homes in Cherryville had an average of 54 days on market in Nov 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherryville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Cherryville; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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