Is East Cherokee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Cherokee was a Seller's Market.
Key Takeaway
East Cherokee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Cherokee, OK
How much do homes in East Cherokee, OK cost?
Median Sold Price
$218,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Cherokee have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in East Cherokee was $218,000 in April 2024, down 10.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.9K | $177K | +96.9% |
| 2 Bedrooms | $165K | $134.5K | -18.5% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $345K | $419K | +21.4% |
| 5+ Bedrooms | $193K | $502.3K | +160.3% |
Summary: East Cherokee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.9%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 160.3%.
Median Sold Price Compared To Nearby Cities
| South Cherokee | $232.4K | $235K | +1.1% |
| East Cherokee | $243.7K | $218K | -10.6% |
Housing Supply in East Cherokee, OK
How many homes are available in East Cherokee, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 29 | +26.1% |
Summary: The East Cherokee real estate market had 29 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Cherokee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Cherokee, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Cherokee in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Cherokee, OK
How long does it take to sell a home in East Cherokee, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 53 Days | +6.7% |
Summary: Homes in East Cherokee had an average of 53 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Cherokee are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in East Cherokee; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site 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. 
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 © 2024 Northwest Arkansas Board of Realtors All rights reserved.