$2,553 Closing Credit*
$215,000
1,820 SqFt
3 Beds
•2 Full Baths
Nathan Harris, Listing Office: Tenkiller Property.Com LLC
Is Cherokee County, OK 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 County has remained a Seller's Market.
Key Takeaway
Cherokee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherokee County, OK
How much do homes in Cherokee County, OK cost?
Median Sold Price
$203,466
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,466(+6.5%)
Key Takeaway
Homes in Cherokee County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Cherokee County was $203,466 in October 2024, up 6.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $116K | +45.0% |
| 2 Bedrooms | $124.9K | $125K | 0.0% |
| 3 Bedrooms | $199.2K | $220K | +10.4% |
| 4 Bedrooms | $240K | $285K | +18.8% |
| 5+ Bedrooms | $404.7K | $302.5K | -25.3% |
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 45%, 2 bedroom homes did not change, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Counties
| Sequoyah County | $179.9K | $202.5K | +12.5% |
| Muskogee County | $161K | $172.1K | +6.9% |
| Cherokee County | $191K | $203.4K | +6.5% |
| Mayes County | $209K | $218.1K | +4.4% |
| Adair County | $165K | $165K | 0.0% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 176 | 170 | -3.4% |
Summary: The Cherokee County real estate market had 170 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 37 | 33 | -10.8% |
| 3 Bedrooms | 79 | 75 | -5.1% |
| 4 Bedrooms | 46 | 44 | -4.3% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
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 25%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee County, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Cherokee County in October 2024, up by 3.4% month-over-month. Of the 30 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.
Days on Market for Cherokee County, OK
How long does it take to sell a home in Cherokee County, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 47 Days | +43.8% |
Summary: Homes in Cherokee County had an average of 47 days on market in Oct 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherokee County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Cherokee County; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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