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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cherokee Township has remained a Buyer's Market.

Key Takeaway

Cherokee Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cherokee Township, AR

How much do homes in Cherokee Township, AR cost?

Median Sold Price

$106,750

$91/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$20,000(-15.8%)

Key Takeaway

Homes in Cherokee Township have sold for 15.8% less than they did a month ago.

Summary: The median home sold price in Cherokee Township was $106,750 in November 2024, down 15.8% from last month, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $80K-
N/A
2 $128.5K$99.5K
-22.6%
3 $125K$225K
+80.0%
4 $199.9K-
N/A
5+ --
N/A

Summary: Cherokee Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 80%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Highland
+110.1%
Highland Township
+110.1%
Cherokee Village
-10.1%
Cherokee Village
-10.1%
Cherokee Township
-15.8%

Housing Supply in Cherokee Township, AR

How many homes are available in Cherokee Township, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7577+2.7%

Summary: The Cherokee Township real estate market had 77 homes for sale in November 2024, a 2.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 4143
+4.9%
3 2324
+4.3%
4 98
-11.1%
5+ 12
+100.0%

Summary: The Cherokee Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Cherokee Township in November 2024, up by 12.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cherokee Township, AR

We’re sorry, we don't have information for this market at the moment

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

Report Updated 2 Days Ago

Newest Listings in Cherokee Township, AR

Nearby Markets to Cherokee Township, AR

What housing markets are near Cherokee Township, AR?