Is Cheraw, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheraw is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Cheraw was a Seller's Market.

Key Takeaway

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

Housing Prices in Cheraw, SC

How much do homes in Cheraw, SC cost?

Median Sold Price

$650,000

$753/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$475,000(+271.4%)

Key Takeaway

Homes in Cheraw have sold for 271.4% more than they did a month ago.

Summary: The median home sold price in Cheraw was $650,000 in October 2024, up 271.4% from last month, and the median price per square foot was $753.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$650K
N/A
2 $140K-
N/A
3 $175K-
N/A
4 $261.5K-
N/A
5+ --
N/A

Summary: Cheraw housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cheraw, SC

How many homes are available in Cheraw, SC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
12120.0%

Summary: The Cheraw real estate market had 12 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 56
+20.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Cheraw 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheraw, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cheraw in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cheraw, SC

How long does it take to sell a home in Cheraw, SC?

Average Sale Time

Sep 2024Oct 2024CHANGE
24 Days165 Days+568.9%

Summary: Homes in Cheraw had an average of 165 days on market in Oct 2024, up by 568.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cheraw are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Cheraw; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

Newest Listings in Cheraw, SC

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