Is Cherokee Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cherokee Township was a Buyer's Market.
Housing Prices in Cherokee Township, AR
How much do homes in Cherokee Township, AR cost?
Median Sold Price
$143,500
$94/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Cherokee Township was $143,500 in May 2024, up 14.9% from last month, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125.5K | $119.9K | -4.4% |
3 Bedrooms | $118.4K | $149K | +25.8% |
4 Bedrooms | $499K | $385K | -22.8% |
5+ Bedrooms | - | - | N/A |
Summary: Cherokee Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cherokee Village | $124.9K | $143.9K | +15.3% |
Cherokee Village | $124.9K | $143.9K | +15.3% |
Cherokee Township | $124.9K | $143.5K | +14.9% |
Housing Supply in Cherokee Township, AR
How many homes are available in Cherokee Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 73 | -5.2% |
Summary: The Cherokee Township real estate market had 73 homes for sale in May 2024, a 5.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 34 | 32 | -5.9% |
3 Bedrooms | 37 | 34 | -8.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cherokee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Cherokee Township in May 2024, up by 54.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Cherokee Township, AR
We’re sorry, we don't have information for this market at the moment