$7,113 Closing Credit*
$599,000
2,900 SqFt
3 Beds
•2 Full Baths, 1 Partial
Angela Thornton, Listing Office: Tenkiller Lake and Land
Is South Cherokee, 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, South Cherokee has remained a Seller's Market.
Key Takeaway
South Cherokee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Cherokee, OK
How much do homes in South Cherokee, OK cost?
Median Sold Price
$239,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,500(+8.9%)
Key Takeaway
Homes in South Cherokee have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in South Cherokee was $239,500 in November 2024, up 8.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $145K | $137.5K | -5.2% |
| 3 Bedrooms | $222.3K | $274.9K | +23.7% |
| 4 Bedrooms | $247.5K | $376K | +51.9% |
| 5+ Bedrooms | $305.9K | - | N/A |
Summary: South Cherokee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 51.9%, and 5+ bedroom homes did not change.
Housing Supply in South Cherokee, OK
How many homes are available in South Cherokee, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Summary: The South Cherokee real estate market had 20 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 9 | 4 | -55.6% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Cherokee 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 55.6%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Cherokee, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Cherokee in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Cherokee, OK
How long does it take to sell a home in South Cherokee, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 108 Days | 29 Days | -73.1% |
Summary: Homes in South Cherokee had an average of 29 days on market in Nov 2024, down by 73.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Cherokee are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in South Cherokee; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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