Is Cherokee County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cherokee County was a Seller's Market.
Housing Prices in Cherokee County, NC
How much do homes in Cherokee County, NC cost?
Median Sold Price
$325,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cherokee County was $325,000 in April 2024, up 8.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $164.9K | $180K | +9.1% |
2 Bedrooms | $290K | $319K | +10.0% |
3 Bedrooms | $350K | $358.5K | +2.4% |
4 Bedrooms | $501K | $415K | -17.2% |
5+ Bedrooms | $395K | $377.5K | -4.4% |
Summary: Cherokee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Counties
Clay County | $359K | $420K | +17.0% |
Monroe County | $260.4K | $300K | +15.2% |
Union County | $363.1K | $406.1K | +11.9% |
Cherokee County | $299.9K | $325K | +8.4% |
Housing Supply in Cherokee County, NC
How many homes are available in Cherokee County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 207 | +31.0% |
Summary: The Cherokee County real estate market had 207 homes for sale in April 2024, a 31.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 15 | +25.0% |
2 Bedrooms | 75 | 96 | +28.0% |
3 Bedrooms | 57 | 76 | +33.3% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cherokee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Cherokee County in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Cherokee County, NC
How long does it take to sell a home in Cherokee County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 39 Days | +82.8% |
Summary: Homes in Cherokee County had an average of 39 days on market in Apr 2024, up by 82.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Cherokee County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.