$3,954 Closing Credit*
$333,000
2,439 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Vickie Spurling Realty Inc
Is Cherryville 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, Cherryville Township has remained a Seller's Market.
Key Takeaway
Cherryville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherryville Township, NC
How much do homes in Cherryville Township, NC cost?
Median Sold Price
$255,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.3%)
Key Takeaway
Homes in Cherryville Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Cherryville Township was $255,000 in October 2024, up 6.3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $109K | +11.8% |
| 2 Bedrooms | $160K | $199K | +24.4% |
| 3 Bedrooms | $249.9K | $255K | +2.0% |
| 4 Bedrooms | $320K | $324K | +1.3% |
| 5+ Bedrooms | $352K | $342.5K | -2.7% |
Summary: Cherryville Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Cherryville | $240K | $262.5K | +9.4% |
| Bessemer City | $230K | $250K | +8.7% |
| Cherryville Township | $240K | $255K | +6.3% |
| Crowders Mountain Township | $245K | $257K | +4.9% |
Housing Supply in Cherryville Township, NC
How many homes are available in Cherryville Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 94 | +1.1% |
Summary: The Cherryville Township real estate market had 94 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 67 | 62 | -7.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cherryville 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 increased by 16.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherryville Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Cherryville Township in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 45% were sold under asking, 45% were sold at asking, and 9% were sold over asking.
Days on Market for Cherryville Township, NC
How long does it take to sell a home in Cherryville Township, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 66 Days | +23.0% |
Summary: Homes in Cherryville Township had an average of 66 days on market in Oct 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherryville Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Cherryville Township; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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