Is Cheraw, SC 29520 a buyer’s or seller’s market?

The Cheraw housing market right now

In the three months ending August 31, 2026, 5% of homes in Cheraw, SC 29520 sold above their list price, the typical home went under contract in 61 days and there were 7.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold faster (74 days then) and the median sale price rose 5% to $184,920. Overall, Cheraw is about as competitive as it was a year ago.

Within Chesterfield County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Cheraw ranks #184 of 191 SC ZIP codes with enough sales (score 9 out of 100).

Nearby, buyers who want less competition could look at Ruby 29741 (0% sold over asking) or Mount Croghan 29727 (0% sold over asking), while Jefferson 29718 (20% sold over asking) and Pageland 29728 (18% sold over asking) are even more competitive.