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

Last month, Cherokee Village was a Seller'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

$138,000

$108/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$18,000(+15.0%)

Key Takeaway

Homes in Cherokee Village have sold for 15% more than they did a month ago.

Summary: The median home sold price in Cherokee Village was $138,000 in March 2024, up 15% from last month, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $120K$138K
+15.0%
3 $134.5K$197.4K
+46.8%
4 --
N/A
5+ --
N/A

Summary: Cherokee Village 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 15%, 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%
Cherokee Township
+17.9%
Cherokee Village
+15.0%
Cherokee Village
+15.0%

Housing Supply in Cherokee Village, AR

How many homes are available in Cherokee Village, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6674+12.1%

Summary: The Cherokee Village real estate market had 74 homes for sale in March 2024, a 12.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2838
+35.7%
3 3531
-11.4%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Cherokee Village 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 35.7%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 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 Village, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Cherokee Village in March 2024, down by 16.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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 17 Days Ago

Newest Listings in Cherokee Village, AR

Nearby Markets to Cherokee Village, AR

What housing markets are near Cherokee Village, AR?