From July through September of 2020, there were 43 homes sold, with a median sale price of $127,000 - a 1.6% increase over the $125,000 median sale price for the same period of the previous year. There were 39 homes sold in Cherryville in the third quarter of 2019.
The median sales tax in Cherryville for the most recent year with available data, 2019, was $1,266, approximately 1% of the median home sale price for the third quarter of 2020.
The following table compares Cherryville to other Gaston County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Stanley | 52 | 48 | 8.3% | $175,500 | $185,000 | -5.1% |
| Kings Mountain | 9 | 11 | -18.2% | $175,000 | $125,000 | 40% |
| Gastonia | 480 | 439 | 9.3% | $175,000 | $158,500 | 10.4% |
| McAdenville | 3 | 2 | 50% | $160,000 | $235,000 | -31.9% |
| Fallcrest | 1 | 2 | -50% | $150,000 | $120,750 | 24.2% |
| Goshen Grove | 1 | 1 | 0% | $145,000 | $150,000 | -3.3% |
| Bessemer City | 38 | 49 | -22.4% | $132,000 | $115,000 | 14.8% |
| Cherryville | 43 | 39 | 10.3% | $127,000 | $125,000 | 1.6% |
| Brown Town | 1 | 1 | 0% | $99,000 | $165,000 | -40% |
| North Belmont | 2 | 4 | -50% | $72,000 | $145,500 | -50.5% |
| South Gastonia | 7 | 4 | 75% | $59,500 | $68,250 | -12.8% |
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