Cherry Grove Housing Market Report February 2025•Horry County, South Carolina

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Housing Prices in Cherry Grove, SC

How much do homes in Cherry Grove, SC cost?

Housing Market Conditions

Is Cherry Grove, SC 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

Cherry Grove is a Buyer's Market

Difference Since February 2024

At the same time last year, Cherry Grove was a Seller's Market.

Insight

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

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.
$490,000$396/SqFt
-$12,666
-2.5%

Based on all homes sold in the last 12 months

Insight

Homes in Cherry Grove have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Cherry Grove was $490,000 in February 2025, down 2.5% from last year, and the median price per square foot was $396.

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.
BedsFeb 2024Feb 2025Change YoY
1$239.6K$220K
-8.2%
2$295K$299.5K
+1.5%
3$550K$534K
-2.9%
4$760K$750K
-1.3%
5$777.5K$910.2K
+17.1%

Summary: Cherry Grove housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.2%. The home price for 2 bedroom homes increased by +1.5%. The home price for 3 bedroom homes decreased by -2.9%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes increased by +17.1%.

How does Cherry Grove, SC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Cherry Grove, SC

Housing supply in Cherry Grove, SC

How many homes are available in Cherry Grove, SC?

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
147Last MonthFeb 2025
1412 months agoJan 2025
+4.3 %
Change MoMJan – Feb

Summary: The Cherry Grove real estate market had 147 homes for sale in Feb 2025, a 4.3 % increase compared to Jan 2025.

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
8Last MonthFeb 2025
152 months agoJan 2025
-46.7 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
11113
+18.2%
24653
+15.2%
33229
-9.4%
42523
-8.0%
52729
+7.4%

Summary: Cherry Grove housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +18.2%. The inventory for 2 bedroom homes increased by +15.2%. The inventory for 3 bedroom homes decreased by -9.4%. The inventory for 4 bedroom homes decreased by -8.0%. The inventory for 5 bedroom homes increased by +7.4%.

Asking Price vs. Sold Price

How much do homes in Cherry Grove, SC 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 Price0 Home

At Asking Price1 Home

Under Asking Price7 Homes

Insight

If you're buying a home in Cherry Grove, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Cherry Grove in February 2025, down by 46.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and and 0% were sold over asking.

Days on Market for Cherry Grove, SC

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days4 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Cherry Grove has remained consistent over time.

Summary: During February 2025, 8 homes were sold in Cherry Grove; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% 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
104 DaysThis YearFeb 2025
99 Days1 year agoFeb 2024
+5.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Cherry Grove had an average listing age of 104 days in Feb 2025, up by 5.5% compared to the previous year.

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Newest Listings in Cherry Grove, SC

What homes are available in Cherry Grove, SC?

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Nearby markets aren't available for Cherry Grove, SC

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MLS Disclaimers and Copyright

Based on information from Coastal Carolinas MLS, and Hive MLS for the period 03/01/2023 - 03/01/2025

IDX Provided courtesy of © Copyright 2025 Coastal Carolinas Multiple Listing Service, Inc.®. Information Deemed Reliable but Not Guaranteed. © Copyright 2025 Coastal Carolinas Multiple Listing Service, Inc.® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes name of the listing brokers. Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:55:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright 2025 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.