$8,301 Closing Credit*
$699,000
2,897 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Kentucky Select Properties
Is Cherokee Triangle, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cherokee Triangle has remained a Seller's Market.
Key Takeaway
Cherokee Triangle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherokee Triangle, KY
How much do homes in Cherokee Triangle, KY cost?
Median Sold Price
$537,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$102,000(+23.4%)
Key Takeaway
Homes in Cherokee Triangle have sold for 23.4% more than they did a year ago.
Summary: The median home sold price in Cherokee Triangle was $537,500 in October 2024, up 23.4% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.5K | $149.5K | -10.2% |
| 2 Bedrooms | $334.5K | $463.7K | +38.6% |
| 3 Bedrooms | $412.5K | $522K | +26.5% |
| 4 Bedrooms | $615K | $650K | +5.7% |
| 5+ Bedrooms | $709.8K | $1.2M | +77.5% |
Summary: Cherokee Triangle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 77.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cherokee Triangle | $435.5K | $537.5K | +23.4% |
| Bonnycastle | $382.5K | $460K | +20.3% |
| Tyler Park | $405K | $415K | +2.5% |
Housing Supply in Cherokee Triangle, KY
How many homes are available in Cherokee Triangle, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Cherokee Triangle real estate market had 23 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Cherokee Triangle housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee Triangle, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cherokee Triangle in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Cherokee Triangle, KY
How long does it take to sell a home in Cherokee Triangle, KY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherokee Triangle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Cherokee Triangle; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.