Is Cherokee Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherokee Township is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Cherokee Township, MO

How much do homes in Cherokee Township, MO cost?

Median Sold Price

$417,500

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$74,500(+21.7%)

Key Takeaway

Homes in Cherokee Township have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $230K$190K
-17.4%
3 $275K$300K
+9.1%
4 $340K$412.5K
+21.3%
5+ $487.4K$680.2K
+39.5%

Summary: Cherokee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 39.5%.

Median Sold Price Compared To Nearby Cities

Cherokee Township
+21.7%
East Clay A Township
+16.1%
Springfield
+9.6%
Springfield Township
+9.6%

Housing Supply in Cherokee Township, MO

How many homes are available in Cherokee Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3532-8.6%

Summary: The Cherokee Township real estate market had 32 homes for sale in April 2024, a 8.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1010
0.0%
4 85
-37.5%
5+ 1516
+6.7%

Summary: The Cherokee Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherokee Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Cherokee Township in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Cherokee Township, MO

How long does it take to sell a home in Cherokee Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days40 Days-48.3%

Summary: Homes in Cherokee Township had an average of 40 days on market in Apr 2024, down by 48.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherokee Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in Cherokee Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

Newest Listings in Cherokee Township, MO

Nearby Markets to Cherokee Township, MO

What housing markets are near Cherokee Township, MO?