Is Cherokee County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
At the same time last year, Cherokee County was a Seller's Market.
Key Takeaway
Cherokee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Cherokee County, OK cost?
Median Sold Price
$185,833
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
Key Takeaway
Homes in Cherokee County have sold for 9.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $78.7K | $140K | +77.8% |
| 2 Bedrooms | $109.1K | $121.5K | +11.3% |
| 3 Bedrooms | $175K | $187.5K | +7.1% |
| 4 Bedrooms | $234.9K | $287.5K | +22.4% |
| 5+ Bedrooms | $314.7K | $384.9K | +22.3% |
Median Sold Price Compared To Nearby Counties
| Adair County | $143K | $165K | +15.4% |
| Sequoyah County | $165.4K | $189K | +14.2% |
| Cherokee County | $169.9K | $185.8K | +9.4% |
| Muskogee County | $147.7K | $159.9K | +8.2% |
| Mayes County | $184.8K | $200K | +8.2% |
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 124 | 137 | +10.5% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 69 | 85 | +23.2% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherokee County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 34 Days | 58 Days | +71.2% |
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherokee County are selling fast, if you're buying plan to act quickly.
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Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2023 Northwest Arkansas Board of Realtors All rights reserved.