Is Cherokee County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Cherokee County has remained a Seller's Market.

Key Takeaway

Cherokee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cherokee County, GA

How much do homes in Cherokee County, GA cost?

Median Sold Price

$455,186

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$24,022(+5.6%)

Key Takeaway

Homes in Cherokee County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Cherokee County was $455,186 in March 2024, up 5.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $211.9K$419K
+97.7%
2 $320K$347K
+8.4%
3 $375K$394.9K
+5.3%
4 $460K$479.1K
+4.2%
5+ $609.6K$649.9K
+6.6%

Summary: Cherokee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 97.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Counties

Fulton County
+6.3%
Pickens County
+5.8%
Cherokee County
+5.6%
Forsyth County
+4.5%
Cobb County
+3.1%

Housing Supply in Cherokee County, GA

How many homes are available in Cherokee County, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,5141,694+11.9%

Summary: The Cherokee County real estate market had 1,694 homes for sale in March 2024, a 11.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 122126
+3.3%
3 590641
+8.6%
4 485538
+10.9%
5+ 315385
+22.2%

Summary: The Cherokee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
342408+19.3%

Asking Price vs. Sold Price

169 Homes Were Sold
Under Asking

109 Homes Were Sold
At Asking

118 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee County, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.

Summary: A total of 408 homes were sold or pending in Cherokee County in March 2024, up by 19.3% month-over-month. Of the 396 sold homes, 43% were sold under asking, 28% were sold at asking, and 30% were sold over asking.

Days on Market for Cherokee County, GA

How long does it take to sell a home in Cherokee County, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days35 Days-20.9%

Summary: Homes in Cherokee County had an average of 35 days on market in Mar 2024, down by 20.9% compared to last year.

Breakdown of Home Sale Times

273 Homes Were Sold
Under 30 Days

85 Homes Were Sold
In 30 - 90 Days

50 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherokee County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 408 homes were sold in Cherokee County; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

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

Report Updated 18 Days Ago

Newest Listings in Cherokee County, GA

Nearby Markets to Cherokee County, GA

What housing markets are near Cherokee County, GA?