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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Cherokee County has remained a Seller's Market.

Key Takeaway

Cherokee County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cherokee County, KS

How much do homes in Cherokee County, KS cost?

Median Sold Price

$110,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$16,500(+17.6%)

Key Takeaway

Homes in Cherokee County have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Cherokee County was $110,000 in April 2024, up 17.6% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $58.5K$22.5K
-61.5%
2 $72.5K$40K
-44.8%
3 $107.5K$127K
+18.1%
4 $145K$214.4K
+47.9%
5+ $221.5K$210K
-5.2%

Summary: Cherokee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.5%, 2 bedroom homes decreased by 44.8%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 47.9%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Counties

Cherokee County
+17.6%
Jasper County
+7.2%
Crawford County
+4.2%
Ottawa County
-11.4%

Housing Supply in Cherokee County, KS

How many homes are available in Cherokee County, KS?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
88114+29.5%

Summary: The Cherokee County real estate market had 114 homes for sale in April 2024, a 29.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 56
+20.0%
2 1825
+38.9%
3 4658
+26.1%
4 1925
+31.6%
5+ 00
0.0%

Summary: The Cherokee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
920+122.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Cherokee County in April 2024, up by 122.2% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Cherokee County, KS

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

Average Sale Time

Apr 2023Apr 2024CHANGE
64 Days73 Days+13.4%

Summary: Homes in Cherokee County had an average of 73 days on market in Apr 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cherokee County has remained consistent over time.

Summary: During April 2024, 20 homes were sold in Cherokee County; 15% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% 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 2 Days Ago

Newest Listings in Cherokee County, KS

Nearby Markets to Cherokee County, KS

What housing markets are near Cherokee County, KS?