$4,750 Closing Credit*
$399,995
2,592 SqFt
4 Beds
•3 Baths
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 December 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
$508,905
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$87,905(+20.9%)
Key Takeaway
Homes in Cherokee Triangle have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Cherokee Triangle was $508,905 in December 2024, up 20.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $148.2K | -17.6% |
| 2 Bedrooms | $319K | $460K | +44.2% |
| 3 Bedrooms | $412.5K | $522K | +26.5% |
| 4 Bedrooms | $625K | $650K | +4.0% |
| 5+ Bedrooms | $709.8K | $1.2M | +77.5% |
Summary: Cherokee Triangle housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 44.2%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 77.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cherokee Triangle | $421K | $508.9K | +20.9% |
| Irish Hill | $223K | $244.9K | +9.8% |
Housing Supply in Cherokee Triangle, KY
How many homes are available in Cherokee Triangle, KY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Summary: The Cherokee Triangle real estate market had 31 homes for sale in December 2024, a 40.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Cherokee Triangle housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cherokee Triangle in December 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Cherokee Triangle, KY
We’re sorry, we don't have information for this market at the moment
