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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Cherokee County was a Seller's Market.

Key Takeaway

Cherokee County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cherokee County, OK

How much do homes in Cherokee County, OK cost?

Median Sold Price

$197,500

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,500(+6.8%)

Key Takeaway

Homes in Cherokee County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Cherokee County was $197,500 in March 2024, up 6.8% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $140K$80K
-42.9%
2 $127K$125K
-1.6%
3 $185K$210K
+13.5%
4 $284.5K$265K
-6.9%
5+ $369.9K$404.7K
+9.4%

Summary: Cherokee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Counties

Mayes County
+8.3%
Cherokee County
+6.8%
Adair County
+5.7%
Muskogee County
0%
Sequoyah County
-2.9%

Housing Supply in Cherokee County, OK

How many homes are available in Cherokee County, OK?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
145167+15.2%

Summary: The Cherokee County real estate market had 167 homes for sale in March 2024, a 15.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 1920
+5.3%
3 8494
+11.9%
4 3341
+24.2%
5+ 79
+28.6%

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 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1821+16.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 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. 81% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Cherokee County in March 2024, up by 16.7% month-over-month. Of the 21 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.

Days on Market for Cherokee County, OK

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

Average Sale Time

Mar 2023Mar 2024CHANGE
68 Days54 Days-20.5%

Summary: Homes in Cherokee County had an average of 54 days on market in Mar 2024, down by 20.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 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, 21 homes were sold in Cherokee County; 62% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 24% 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 22 Days Ago

Newest Listings in Cherokee County, OK

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