Is Cherokee Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cherokee Township was a Seller's Market.
Housing Prices in Cherokee Township, AR
How much do homes in Cherokee Township, AR cost?
Median Sold Price
$141,500
$115/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Cherokee Township was $141,500 in March 2024, up 17.9% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $141.5K | +17.9% |
3 Bedrooms | $134.5K | $197.4K | +46.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Cherokee Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 46.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Highland | $128.4K | $158K | +23.0% |
Highland Township | $128.4K | $158K | +23.0% |
Cherokee Township | $120K | $141.5K | +17.9% |
Cherokee Village | $120K | $138K | +15.0% |
Cherokee Village | $120K | $138K | +15.0% |
Housing Supply in Cherokee Township, AR
How many homes are available in Cherokee Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Summary: The Cherokee Township real estate market had 61 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 32 | +33.3% |
3 Bedrooms | 33 | 28 | -15.2% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cherokee Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Cherokee Township in March 2024, down by 25.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Cherokee Township, AR
We’re sorry, we don't have information for this market at the moment