Is Cherokee Triangle, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cherokee Triangle has remained a Seller's Market.
Key Takeaway
Cherokee Triangle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherokee Triangle, KY
How much do homes in Cherokee Triangle, KY cost?
Median Sold Price
$421,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cherokee Triangle have sold for 24.8% less than they did a year ago.
Summary: The median home sold price in Cherokee Triangle was $421,000 in April 2024, down 24.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $197.5K | +23.4% |
| 2 Bedrooms | $399.5K | $322K | -19.4% |
| 3 Bedrooms | $560K | $500K | -10.7% |
| 4 Bedrooms | $625K | $795K | +27.2% |
| 5+ Bedrooms | $665K | $1.2M | +89.5% |
Summary: Cherokee Triangle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 89.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Bonnycastle | $355K | $415.5K | +17.0% |
| Tyler Park | $425K | $412.5K | -2.9% |
| Irish Hill | $270K | $205K | -24.1% |
| Cherokee Triangle | $560K | $421K | -24.8% |
Housing Supply in Cherokee Triangle, KY
How many homes are available in Cherokee Triangle, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Cherokee Triangle real estate market had 21 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cherokee Triangle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee Triangle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cherokee Triangle in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Cherokee Triangle, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.