Is Cherokee County, KS a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cherokee County was a Seller's Market.

Key Takeaway

Cherokee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cherokee County, KS

How much do homes in Cherokee County, KS cost?

Median Sold Price

$117,900

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,400(+22.2%)

Key Takeaway

Homes in Cherokee County have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Cherokee County was $117,900 in October 2024, up 22.2% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $20K$29.5K
+47.5%
2 $58K$72K
+24.1%
3 $126K$134K
+6.4%
4 $172K$200K
+16.3%
5+ $143.2K$72.9K
-49.0%

Summary: Cherokee County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 49%.

Median Sold Price Compared To Nearby Counties

Cherokee County
+22.2%
Jasper County
+6.4%
Crawford County
+5.4%
Ottawa County
-26.7%

Housing Supply in Cherokee County, KS

How many homes are available in Cherokee County, KS?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
132142+7.6%

Summary: The Cherokee County real estate market had 142 homes for sale in October 2024, a 7.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 3331
-6.1%
3 6067
+11.7%
4 2629
+11.5%
5+ 88
0.0%

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 40%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2921-27.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Cherokee County in October 2024, down by 27.6% month-over-month. Of the 13 sold homes, 62% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for Cherokee County, KS

How long does it take to sell a home in Cherokee County, KS?

Average Sale Time

Oct 2023Oct 2024CHANGE
84 Days88 Days+4.5%

Summary: Homes in Cherokee County had an average of 88 days on market in Oct 2024, up by 4.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cherokee County has remained consistent over time.

Summary: During October 2024, 21 homes were sold in Cherokee County; 0% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Cherokee County, KS

Nearby Markets to Cherokee County, KS

What housing markets are near Cherokee County, KS?