Is Sherrills Ford, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherrills Ford is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Sherrills Ford has remained a Buyer's Market.

Key Takeaway

Sherrills Ford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sherrills Ford, NC

How much do homes in Sherrills Ford, NC cost?

Median Sold Price

$456,250

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$78,260(+20.7%)

Key Takeaway

Homes in Sherrills Ford have sold for 20.7% more than they did a year ago.

Summary: The median home sold price in Sherrills Ford was $456,250 in November 2024, up 20.7% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$820K
N/A
2 $455K$354.3K
-22.1%
3 $423.5K$526K
+24.2%
4 $362.9K$428.5K
+18.0%
5+ $360K$420K
+16.7%

Summary: Sherrills Ford 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 decreased by 22.1%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Cities

Mountain Creek Township
+24.3%
Sherrills Ford
+20.7%
Denver
+8.5%
Davidson Township
-2.0%

Housing Supply in Sherrills Ford, NC

How many homes are available in Sherrills Ford, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115123+7.0%

Summary: The Sherrills Ford real estate market had 123 homes for sale in November 2024, a 7.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 4953
+8.2%
4 5154
+5.9%
5+ 68
+33.3%

Summary: The Sherrills Ford 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 decreased by 11.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherrills Ford, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Sherrills Ford in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Sherrills Ford, NC

How long does it take to sell a home in Sherrills Ford, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days66 Days+8.8%

Summary: Homes in Sherrills Ford had an average of 66 days on market in Nov 2024, up by 8.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 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 Sherrills Ford has remained consistent over time.

Summary: During November 2024, 9 homes were sold in Sherrills Ford; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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 21 Days Ago

Newest Listings in Sherrills Ford, NC

Nearby Markets to Sherrills Ford, NC

What housing markets are near Sherrills Ford, NC?