$1,959 Closing Credit*
$165,000
1,323 SqFt
2 Beds
•2 Full Baths
Amy Stovall, Listing Office: Tenkiller Lake Realty.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 November 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
$190,666
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,383(-1.2%)
Key Takeaway
Homes in Cherokee County have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Cherokee County was $190,666 in November 2024, down 1.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $116K | +45.0% |
| 2 Bedrooms | $127K | $104.5K | -17.7% |
| 3 Bedrooms | $199.9K | $210.8K | +5.5% |
| 4 Bedrooms | $240K | $285K | +18.8% |
| 5+ Bedrooms | $447.3K | $230K | -48.6% |
Summary: Cherokee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 48.6%.
Median Sold Price Compared To Nearby Counties
| Sequoyah County | $180K | $200K | +11.1% |
| Muskogee County | $163.8K | $170.7K | +4.2% |
| Mayes County | $214.3K | $217.4K | +1.4% |
| Cherokee County | $193K | $190.6K | -1.2% |
| Adair County | $168.7K | $162K | -4.0% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 186 | 188 | +1.1% |
Summary: The Cherokee County real estate market had 188 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 46 | 38 | -17.4% |
| 3 Bedrooms | 82 | 91 | +11.0% |
| 4 Bedrooms | 39 | 44 | +12.8% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Cherokee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee County, you may be able to get a good deal. 82.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Cherokee County in November 2024, up by 12.9% month-over-month. Of the 35 sold homes, 83% were sold under asking, 14% were sold at asking, and 3% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 81 Days | 42 Days | -47.9% |
Summary: Homes in Cherokee County had an average of 42 days on market in Nov 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cherokee County has remained consistent over time.
Summary: During November 2024, 35 homes were sold in Cherokee County; 29% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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