Is Cherokee Village, 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 Village was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $138K | +15.0% |
3 Bedrooms | $134.5K | $197.4K | +46.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | 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 | $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 Village, AR
How many homes are available in Cherokee Village, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 74 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 28 | 38 | +35.7% |
3 Bedrooms | 35 | 31 | -11.4% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 1 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -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
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