Is Cherokee Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Cherokee Township was a Seller's Market.

Key Takeaway

Cherokee Township 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 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

+$21,500(+17.9%)

Key Takeaway

Homes in Cherokee Township have sold for 17.9% more than they did a month ago.

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

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $120K$141.5K
+17.9%
3 $134.5K$197.4K
+46.8%
4 --
N/A
5+ --
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
+23.0%
Highland Township
+23.0%
Cherokee Township
+17.9%
Cherokee Village
+15.0%
Cherokee Village
+15.0%

Housing Supply in Cherokee Township, AR

How many homes are available in Cherokee Township, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5761+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2432
+33.3%
3 3328
-15.2%
4 01
+100.0%
5+ 00
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 2024Mar 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Cherokee Township, AR

Nearby Markets to Cherokee Township, AR

What housing markets are near Cherokee Township, AR?