$10,000 Closing Credit*
$975,000
4,293 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Nova Grace & Co.
Is Cherokee County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cherokee County was a Neutral Market.
Key Takeaway
Cherokee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherokee County, AL
How much do homes in Cherokee County, AL cost?
Median Sold Price
$260,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.3%)
Key Takeaway
Homes in Cherokee County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Cherokee County was $260,000 in October 2024, up 8.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $86.5K | -28.2% |
| 2 Bedrooms | $224K | $250K | +11.6% |
| 3 Bedrooms | $239.9K | $235K | -2.1% |
| 4 Bedrooms | $295K | $432.5K | +46.6% |
| 5+ Bedrooms | $430K | $597.4K | +38.9% |
Summary: Cherokee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.2%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Counties
| Cherokee County | $240K | $260K | +8.3% |
| DeKalb County | $215K | $231K | +7.4% |
| Floyd County | $230K | $245K | +6.5% |
| Polk County | $240.1K | $255K | +6.2% |
| Chattooga County | $195.6K | $207K | +5.8% |
Housing Supply in Cherokee County, AL
How many homes are available in Cherokee County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 154 | +9.2% |
Summary: The Cherokee County real estate market had 154 homes for sale in October 2024, a 9.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 37 | 38 | +2.7% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Cherokee County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee County, you may be able to get a good deal. 93.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Cherokee County in October 2024, up by 7.1% month-over-month. Of the 15 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% were sold over asking.
Days on Market for Cherokee County, AL
How long does it take to sell a home in Cherokee County, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 126 Days | 76 Days | -39.4% |
Summary: Homes in Cherokee County had an average of 76 days on market in Oct 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cherokee County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in Cherokee County; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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