Comprehensive market data and analysis• Updated Dec 2025
12.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 1 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 2 | 2 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | 1 | 1 | 1 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 4 | 6 |
Acreage buckets
The median price for land in Cerro Gordo, North Carolina is currently $5K per acre. For a typical parcel, the median sale price is $145K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $13K while premium lots reached $230K.
Cerro Gordo, North Carolina is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Cerro Gordo, North Carolina currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Cerro Gordo, North Carolina saw 6 properties sold, totaling $775K in sales volume. In just the last 3 months, 1 properties changed hands.
The current absorption rate in Cerro Gordo, North Carolina is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is Burroughs & Company, LLC.
There are currently 4 active listings in Cerro Gordo, North Carolina. 2 new listings have hit the market in the last 90 days. The median asking price is $147K.
Land in Cerro Gordo, North Carolina typically sells within 411 days of listing. The median time on market is 411 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.