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.
Key Takeaway
Cherokee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Cherokee County have sold for 8.4% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Cherokee County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Cherokee County are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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