Is Cherokee County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, OK
How much do homes in Cherokee County, OK cost?
Median Sold Price
$199,200
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cherokee County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Cherokee County was $199,200 in April 2024, up 5.1% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $73.7K | -32.9% |
| 2 Bedrooms | $125K | $129.9K | +3.9% |
| 3 Bedrooms | $185K | $213K | +15.1% |
| 4 Bedrooms | $288.2K | $277K | -3.9% |
| 5+ Bedrooms | $369.9K | $404.7K | +9.4% |
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 32.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Counties
| Mayes County | $200K | $219.5K | +9.8% |
| Adair County | $165K | $179.9K | +9.0% |
| Cherokee County | $189.4K | $199.2K | +5.1% |
| Muskogee County | $162.6K | $163.2K | 0.3% |
| Sequoyah County | $180.2K | $179.9K | -0.2% |
Housing Supply in Cherokee County, OK
How many homes are available in Cherokee County, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 168 | 195 | +16.1% |
Summary: The Cherokee County real estate market had 195 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 96 | 114 | +18.8% |
| 4 Bedrooms | 41 | 46 | +12.2% |
| 5+ Bedrooms | 7 | 7 | 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 100%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 34 | +47.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 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. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Cherokee County in April 2024, up by 47.8% month-over-month. Of the 34 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 42 Days | -10.5% |
Summary: Homes in Cherokee County had an average of 42 days on market in Apr 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 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 April 2024, 34 homes were sold in Cherokee County; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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