$1,958 Closing Credit*
$164,900
435 SqFt
1 Bed
•1 Full Bath
Listing Office: CENTURY 21 Thomas
Is Cherry Grove, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cherry Grove was a Seller's Market.
Key Takeaway
Cherry Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Grove, SC
How much do homes in Cherry Grove, SC cost?
Median Sold Price
$497,499
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,499(+8.2%)
Key Takeaway
Homes in Cherry Grove have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Cherry Grove was $497,499 in October 2024, up 8.2% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244.4K | $230K | -5.9% |
| 2 Bedrooms | $312.5K | $304K | -2.7% |
| 3 Bedrooms | $535K | $525K | -1.9% |
| 4 Bedrooms | $749.7K | $761.2K | +1.5% |
| 5+ Bedrooms | $860K | $861.6K | 0.2% |
Summary: Cherry Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in Cherry Grove, SC
How many homes are available in Cherry Grove, SC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 152 | 163 | +7.2% |
Summary: The Cherry Grove real estate market had 163 homes for sale in October 2024, a 7.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 53 | 54 | +1.9% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Cherry Grove 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 1.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Grove, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Cherry Grove in October 2024, up by 63.6% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% were sold over asking.
Days on Market for Cherry Grove, SC
How long does it take to sell a home in Cherry Grove, SC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 102 Days | +80.3% |
Summary: Homes in Cherry Grove had an average of 102 days on market in Oct 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cherry Grove are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 18 homes were sold in Cherry Grove; 6% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 61% of homes were sold over 90 days.
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