Is Cherokee County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cherokee County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $80K | -42.9% |
2 Bedrooms | $127K | $125K | -1.6% |
3 Bedrooms | $185K | $210K | +13.5% |
4 Bedrooms | $284.5K | $265K | -6.9% |
5+ Bedrooms | $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 | $201.2K | $217.8K | +8.3% |
Cherokee County | $185K | $197.5K | +6.8% |
Adair County | $165.5K | $175K | +5.7% |
Muskogee County | $164.4K | $164.3K | 0% |
Sequoyah County | $185.4K | $179.9K | -2.9% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
145 | 167 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 84 | 94 | +11.9% |
4 Bedrooms | 33 | 41 | +24.2% |
5+ Bedrooms | 7 | 9 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 21 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 54 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
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.