$1,366 Closing Credit*
$115,000
10,500 SqFt
6 Beds
•2 Full Baths
Nathan Steiger, Listing Office: Steiger Realty
Is Cherry Creek, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Cherry Creek was a Seller's Market.
Key Takeaway
Cherry Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Creek, NY
How much do homes in Cherry Creek, NY cost?
Median Sold Price
$165,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$22,860(+16.1%)
Key Takeaway
Homes in Cherry Creek have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Cherry Creek was $165,000 in December 2024, up 16.1% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208.5K | $165K | -20.9% |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $198.5K | $152.4K | -23.2% |
| 4 Bedrooms | $37.5K | $23.9K | -36.3% |
| 5+ Bedrooms | - | $170K | N/A |
Summary: Cherry Creek housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.2%, 4 bedroom homes decreased by 36.3%, and 5+ bedroom homes did not change.
Housing Supply in Cherry Creek, NY
How many homes are available in Cherry Creek, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Cherry Creek real estate market had 10 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherry Creek housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Creek, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Cherry Creek in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Creek, NY
How long does it take to sell a home in Cherry Creek, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 62 Days | 12 Days | -80.6% |
Summary: Homes in Cherry Creek had an average of 12 days on market in Dec 2024, down by 80.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherry Creek are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in Cherry Creek; 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.
