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Featured local agent — Cherryville, NC
Sarah Mitchell
Compass Real Estate · Cherryville, NC
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherryville, NC Housing Market & Real Estate
Housing market overview · Updated monthly ·
$267,450median sale price
How is the Cherryville, NC housing market right now?
The median home sale price in Cherryville, NC is $267,450, up 150.0% year-over-year. Homes sell in an average of 80 days with 50 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherryville a buyer's or seller's market?
Cherryville, NC is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 80 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
80
Average pace
Active listings
50
4.2 months supply
Sale-to-list
97.6%
Below asking
What does the Cherryville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $267,450 |
| Median list price | $249,900 |
| Year-over-year price change | +150.0% |
| Average days on market | 80 days |
| Active inventory | 50 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 97.6% |
| Median price per sq ft | $162/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 12 |
| Listings with a price cut | 22.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Cherryville by property type?
How the Cherryville, NC market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $269,900 | $165/sq ft | 11 | 97 days |
| Townhouse | $220,000 | $158/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Cherryville housing market is currently classified as a leaning buyer's with a median sale price of $267,450. Prices have risen 150.0% compared to last year, with homes spending an average of 80 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Cherryville
There are currently 50 homes listed for sale in Cherryville, North Carolina. The median listing price is $250K.
Active listings
50
Homes on market
Median list price
$250K
Avg. days on market
80
Days until sale
New this week
12
Newly listed
Who lives in Cherryville?
Population
6,154
Median income
$58,701/yr
Median age
37.7 years
Owner-occupied
67.7%
College grads
24.7%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cherryville?
Zillow home value
$255,282
Zillow rent index
$1,100/mo
Price-to-rent ratio
19.3x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Cherryville?
Cherryville is a community of approximately 6K residents with a median age of 37.7 years.The median household income is $58,701, which represents a working-class community with solid middle-income opportunities. 24.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cherryville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cherryville?
4 schools tracked · 1,481 students
The largest public schools serving Cherryville, NC by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cherryville High
Grades 9-12 · 508 students
John Chavis Middle School
Grades 6-8 · 395 students
Cherryville Elementary
Grades PK-3 · 389 students
W B Beam Intermediate School
Grades 4-5 · 189 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cherryville, NC?
Want a head-to-head view? Compare Cherryville side-by-side with any other U.S. city using our market-comparison tool.
Is Cherryville a good real estate investment market?
For investors evaluating Cherryville, the price-to-rent ratio of 19.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 150.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cherryville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cherryville's median home price.
Frequently asked questions
What is the average home price in Cherryville?
The median home sale price in Cherryville is $267,450, up 150.0% from last year.
How long do homes stay on market in Cherryville?
Homes typically spend 80 days on market before going under contract.
What is the median income in Cherryville?
The median household income is $58,701 per year.
Is Cherryville a buyer's or seller's market?
With 4.2 months of supply, Cherryville is currently a leaning buyer's.
What is the Zillow home value estimate for Cherryville?
The Zillow Home Value Index (ZHVI) for Cherryville is $255,282, representing the typical home value in the area.
How much does a single-family home cost in Cherryville?
The median single-family home price in Cherryville, NC is $269,900 (about $165 per square foot).
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