Is Cherokee County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Cherokee County, OK
How much do homes in Cherokee County, OK cost?
Median Sold Price
$209,833
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cherokee County have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Cherokee County was $209,833 in June 2024, up 11.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $137K | +71.3% |
| 2 Bedrooms | $132K | $125K | -5.3% |
| 3 Bedrooms | $185K | $221.5K | +19.7% |
| 4 Bedrooms | $260K | $280K | +7.7% |
| 5+ Bedrooms | $384.9K | $392.3K | +1.9% |
Summary: Cherokee County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
| Cherokee County | $187.5K | $209.8K | +11.9% |
| Mayes County | $200K | $219K | +9.5% |
| Muskogee County | $162K | $164.7K | +1.6% |
| Adair County | $170.7K | $172.1K | +0.8% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 190 | 184 | -3.2% |
Summary: The Cherokee County real estate market had 184 homes for sale in June 2024, a 3.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 103 | 92 | -10.7% |
| 4 Bedrooms | 43 | 43 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Cherokee County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 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. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Cherokee County in June 2024, down by 20.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 33 Days | -25.5% |
Summary: Homes in Cherokee County had an average of 33 days on market in Jun 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherokee County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 27 homes were sold in Cherokee County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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