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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee Village is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Cherokee Village has remained a Buyer's Market.

Key Takeaway

Cherokee Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cherokee Village, AR

How much do homes in Cherokee Village, AR cost?

Median Sold Price

$114,000

$94/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$12,750(-10.1%)

Key Takeaway

Homes in Cherokee Village have sold for 10.1% less than they did a month ago.

Summary: The median home sold price in Cherokee Village was $114,000 in November 2024, down 10.1% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $80K-
N/A
2 $109.2K$99.5K
-8.9%
3 $152.5K$225K
+47.5%
4 $199.9K-
N/A
5+ -$599.9K
N/A

Summary: Cherokee Village housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.9%, 3 bedroom homes increased by 47.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Highland
+110.1%
Highland Township
+110.1%
Cherokee Village
-10.1%
Cherokee Village
-10.1%
Cherokee Township
-15.8%

Housing Supply in Cherokee Village, AR

How many homes are available in Cherokee Village, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8183+2.5%

Summary: The Cherokee Village real estate market had 83 homes for sale in November 2024, a 2.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 4143
+4.9%
3 2424
0.0%
4 1110
-9.1%
5+ 46
+50.0%

Summary: The Cherokee Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee Village, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Cherokee Village in November 2024, up by 10.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for Cherokee Village, 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 2 Days Ago

Newest Listings in Cherokee Village, AR

Nearby Markets to Cherokee Village, AR

What housing markets are near Cherokee Village, AR?