$59,900
0.77 Acres
Land
Angela Thornton, Listing Office: Tenkiller Lake and Land
Is East Cherokee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Cherokee was a Buyer's Market.
Key Takeaway
East Cherokee 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 East Cherokee, OK
How much do homes in East Cherokee, OK cost?
Median Sold Price
$272,900
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,900(+22.4%)
Key Takeaway
Homes in East Cherokee have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in East Cherokee was $272,900 in October 2024, up 22.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $150K | -5.7% |
| 2 Bedrooms | $138.5K | $175K | +26.4% |
| 3 Bedrooms | $245K | $298.5K | +21.8% |
| 4 Bedrooms | $300K | $375K | +25.0% |
| 5+ Bedrooms | $502.3K | $450K | -10.4% |
Summary: East Cherokee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| South Cherokee | $180K | $237K | +31.7% |
| East Cherokee | $223K | $272.9K | +22.4% |
Housing Supply in East Cherokee, OK
How many homes are available in East Cherokee, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The East Cherokee real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Cherokee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Cherokee, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in East Cherokee in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for East Cherokee, OK
How long does it take to sell a home in East Cherokee, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 34 Days | -13.8% |
Summary: Homes in East Cherokee had an average of 34 days on market in Oct 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Cherokee has remained consistent over time.
Summary: During October 2024, 4 homes were sold in East Cherokee; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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