Is Cherokee Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Cherokee Township has remained a Seller's Market.

Key Takeaway

Cherokee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cherokee Township, MO

How much do homes in Cherokee Township, MO cost?

Median Sold Price

$475,000

-

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$71,350(+17.7%)

Key Takeaway

Homes in Cherokee Township have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $225.5K$246K
+9.1%
3 $350.5K$310.7K
-11.3%
4 $460.7K$412.5K
-10.5%
5+ $680.4K$545K
-19.9%

Summary: Cherokee Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 19.9%.

Median Sold Price Compared To Nearby Cities

Cherokee Township
+17.7%
Springfield
+3.1%
Springfield Township
+3.1%

Housing Supply in Cherokee Township, MO

How many homes are available in Cherokee Township, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3033+10.0%

Summary: The Cherokee Township real estate market had 33 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1316
+23.1%
4 68
+33.3%
5+ 108
-20.0%

Summary: The Cherokee Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Cherokee Township in September 2024, down by 11.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for Cherokee Township, MO

How long does it take to sell a home in Cherokee Township, MO?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days46 Days+218.6%

Summary: Homes in Cherokee Township had an average of 46 days on market in Sep 2024, up by 218.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherokee Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 8 homes were sold in Cherokee Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Cherokee Township, MO

Nearby Markets to Cherokee Township, MO

What housing markets are near Cherokee Township, MO?