$2,197 Closing Credit*
$185,000
853 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Crossroads
Is Cherryville Township, 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 Township was a Seller's Market.
Key Takeaway
Cherryville Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherryville Township, NC
How much do homes in Cherryville Township, NC cost?
Median Sold Price
$255,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,100(+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 November 2024, up 6.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $104K | +38.7% |
| 2 Bedrooms | $156K | $205K | +31.4% |
| 3 Bedrooms | $247.4K | $257.5K | +4.0% |
| 4 Bedrooms | $320K | $324K | +1.3% |
| 5+ Bedrooms | $352K | $342.5K | -2.7% |
Summary: Cherryville Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes increased by 31.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Bessemer City | $235K | $250K | +6.4% |
| Cherryville Township | $239.9K | $255K | +6.3% |
| Cherryville | $240K | $255K | +6.3% |
| Crowders Mountain Township | $244.5K | $260K | +6.3% |
Housing Supply in Cherryville Township, NC
How many homes are available in Cherryville Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 92 | -2.1% |
Summary: The Cherryville Township real estate market had 92 homes for sale in November 2024, a 2.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 62 | 52 | -16.1% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Cherryville 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 increased by 23.1%, 3 bedroom homes decreased by 16.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 9 | -59.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherryville Township, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Cherryville Township in November 2024, down by 59.1% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -22.0% |
Summary: Homes in Cherryville Township had an average of 43 days on market in Nov 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
6 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Cherryville Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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