$52,500
0.53 Acres
Land
Clarence McCarver, MBA, Listing Office: Chinowth & Cohen
Is South Cherokee, 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, 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
$237,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,000(+31.7%)
Key Takeaway
Homes in South Cherokee have sold for 31.7% more than they did a year ago.
Summary: The median home sold price in South Cherokee was $237,000 in October 2024, up 31.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $145K | $140K | -3.4% |
| 3 Bedrooms | $216K | $250K | +15.7% |
| 4 Bedrooms | $247.5K | $330K | +33.3% |
| 5+ Bedrooms | $305.9K | - | N/A |
Summary: South Cherokee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 33.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The South Cherokee real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Cherokee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Cherokee, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in South Cherokee in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 89 Days | +59.6% |
Summary: Homes in South Cherokee had an average of 89 days on market in Oct 2024, up by 59.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in South Cherokee are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in South Cherokee; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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