$12,000
2.55 Acres
Land
Kimi McDonald, Listing Office: Keller Williams Market Pro
Is East Cherokee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East Cherokee was a Seller's Market.
Key Takeaway
East Cherokee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Cherokee, OK
How much do homes in East Cherokee, OK cost?
Median Sold Price
$285,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75,000(+35.7%)
Key Takeaway
Homes in East Cherokee have sold for 35.7% more than they did a year ago.
Summary: The median home sold price in East Cherokee was $285,000 in November 2024, up 35.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $150K | -15.3% |
| 2 Bedrooms | $138.5K | $195K | +40.8% |
| 3 Bedrooms | $216.5K | $305K | +40.9% |
| 4 Bedrooms | $345K | $260K | -24.6% |
| 5+ Bedrooms | $502.3K | $450K | -10.4% |
Summary: East Cherokee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes increased by 40.8%, 3 bedroom homes increased by 40.9%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| East Cherokee | $210K | $285K | +35.7% |
| South Cherokee | $220K | $239.5K | +8.9% |
Housing Supply in East Cherokee, OK
How many homes are available in East Cherokee, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The East Cherokee real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Cherokee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Cherokee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Cherokee in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 91 Days | +27.1% |
Summary: Homes in East Cherokee had an average of 91 days on market in Nov 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Cherokee are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in East Cherokee; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.