Question 1

What is the median sold price in Cherry Grove?

Accepted Answer

The median sold price in Cherry Grove is $121,500 based on 7 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Cherry Grove?

Accepted Answer

The average sold price in Cherry Grove is $238,214. Note that the average ($238,214) is higher than the median ($121,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Cherry Grove?

Accepted Answer

Home prices in Cherry Grove range from $107,000 to $444,000 based on recent sales data. This $337,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Cherry Grove selling above or below asking price?

Accepted Answer

On average, homes in Cherry Grove are selling at 97.0% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Cherry Grove?

Accepted Answer

Homes in Cherry Grove are selling in an average of 55 days. This indicates a balanced market with moderate competition. Buyers have reasonable time to make decisions without feeling rushed.

Question 6

What is the price per square foot in Cherry Grove?

Accepted Answer

The average price per square foot in Cherry Grove is $201. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $402,000.

Question 7

How active is the real estate market in Cherry Grove?

Accepted Answer

The Cherry Grove market has seen 7 home sales over the past 2 years, with 1 properties currently for sale. With limited inventory, this is a competitive market favoring sellers.

Question 8

What types of properties are selling in Cherry Grove?

Accepted Answer

The most common property types selling in Cherry Grove are: condo (rae) (4 sold, avg $112,750), detached single family (3 sold, avg $405,500). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Cherry Grove?

Accepted Answer

Detached homes in Cherry Grove are selling for an average of $405,500, with 3 sales over the past 2 years.

Question 10

How much do condos cost in Cherry Grove?

Accepted Answer

Condos and apartments in Cherry Grove are selling for an average of $112,750, with 4 sales over the past 2 years. Condos typically offer a more affordable entry point into the Cherry Grove market.

Question 11

Are home prices rising or falling in Cherry Grove?

Accepted Answer

Home prices in Cherry Grove have decreased by 70.1% over the past 2 years. The average sold price moved from $382,500 to $114,500. This downward trend may present buying opportunities for purchasers.

Question 12

Is Cherry Grove a buyer's or seller's market?

Accepted Answer

Based on current data, Cherry Grove is a balanced market. Homes are selling in 55 days on average and at 97.0% of asking price. Both buyers and sellers have reasonable negotiating positions in current conditions.

Question 13

What percentage of homes sell above asking price in Cherry Grove?

Accepted Answer

In Cherry Grove, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What size homes are selling in Cherry Grove?

Accepted Answer

Homes selling in Cherry Grove range from 635 to 2,252 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in Cherry Grove?

Accepted Answer

Cherry Grove shows high price diversity with a standard deviation of $146,049 around the average price of $238,214. This wide range indicates a diverse market with options at many price points.

Question 16

Where can I find recently sold homes in Cherry Grove?

Accepted Answer

You can view a comprehensive list of houses sold in Cherry Grove right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 17

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 18

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Cherry Grove.

Just Sold: Cherry Grove Home Prices & Sale History

Cherry Grove Sold Data Overview

Recently Sold in Cherry Grove

Sold Data & Market Statistics for Cherry Grove

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2-Year Market Trends: All Property Types

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