Cherryville Township Housing Market Report January 2025•Gaston County, North Carolina

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Housing Prices in Cherryville Township, NC

How much do homes in Cherryville Township, NC cost?

Housing Market Conditions

Is Cherryville Township, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cherryville Township is a Seller's Market

Difference Since January 2024

Since last year, Cherryville Township has remained a Seller's Market.

Insight

Cherryville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$254,000$174/SqFt
+$4,005
+1.6%

Based on all homes sold in the last 12 months

Insight

Homes in Cherryville Township have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Cherryville Township was $254,000 in January 2025, up 1.6% from last year, and the median price per square foot was $174.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Crowders Mountain Township
+6.6%
Crouse
+6.4%
Bessemer City
+4.0%
Cherryville Township
+1.6%
Cherryville
-2.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$75K$104K
+38.7%
2$171K$199.5K
+16.7%
3$250K$255K
+2.0%
4$320K$324K
+1.3%
5$341K$350K
+2.6%

Summary: Cherryville Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +38.7%. The home price for 2 bedroom homes increased by +16.7%. The home price for 3 bedroom homes increased by +2.0%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes increased by +2.6%.

Housing supply in Cherryville Township, NC

How many homes are available in Cherryville Township, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
88Last MonthJan 2025
872 months agoDec 2024
+1.1 %
Change MoMDec – Jan

Summary: The Cherryville Township real estate market had 88 homes for sale in Jan 2025, a 1.1 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
15Last MonthJan 2025
152 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
21515
0.0%
35254
+3.8%
41817
-5.6%
522
0.0%

Summary: Cherryville Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +3.8%. The inventory for 4 bedroom homes decreased by -5.6%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Cherryville Township, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price2 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in Cherryville Township, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Cherryville Township in January 2025, the same as the previous month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and and 13% were sold over asking.

Days on Market for Cherryville Township, NC

How long does it take to sell a home in Cherryville Township, NC?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days7 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Cherryville Township has remained consistent over time.

Summary: During January 2025, 15 homes were sold in Cherryville Township; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
58 DaysThis YearJan 2025
31 Days1 year agoJan 2024
+81.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Cherryville Township had an average listing age of 58 days in Jan 2025, up by 81.8% compared to the previous year.

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Newest Listings in Cherryville Township, NC

What homes are available in Cherryville Township, NC?

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MLS Disclaimers and Copyright

Based on information from Canopy MLS, for the period 02/01/2023 - 02/01/2025

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Last updated on: 2/6/2025, 10:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.