Is Cherokee County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cherokee County has remained a Seller's Market.
Housing Prices in Cherokee County, OK
How much do homes in Cherokee County, OK cost?
Median Sold Price
$206,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cherokee County was $206,500 in May 2024, up 8.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $80K | -27.3% |
2 Bedrooms | $132.5K | $125K | -5.7% |
3 Bedrooms | $189K | $223K | +18.0% |
4 Bedrooms | $274.5K | $278.2K | +1.3% |
5+ Bedrooms | $400K | $392.3K | -1.9% |
Summary: Cherokee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Counties
Mayes County | $198.2K | $220K | +11.0% |
Cherokee County | $190K | $206.5K | +8.7% |
Adair County | $165K | $175K | +6.1% |
Muskogee County | $160.4K | $164.6K | +2.6% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
197 | 191 | -3.0% |
Summary: The Cherokee County real estate market had 191 homes for sale in May 2024, a 3.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 116 | 99 | -14.7% |
4 Bedrooms | 44 | 46 | +4.5% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Cherokee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 34 | -5.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Cherokee County in May 2024, down by 5.6% month-over-month. Of the 34 sold homes, 65% were sold under asking, 15% were sold at asking, and 21% were sold over asking.
Days on Market for Cherokee County, OK
How long does it take to sell a home in Cherokee County, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 57 Days | +53.0% |
Summary: Homes in Cherokee County had an average of 57 days on market in May 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Cherokee County; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.