Is Cherokee Village, 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 Village was a Buyer's Market.
Housing Prices in Cherokee Village, AR
How much do homes in Cherokee Village, AR cost?
Median Sold Price
$143,950
$97/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Cherokee Village was $143,950 in May 2024, up 15.3% from last month, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $125.5K | $130K | +3.6% |
3 Bedrooms | $118.4K | $209K | +76.4% |
4 Bedrooms | $499K | $385K | -22.8% |
5+ Bedrooms | - | - | N/A |
Summary: Cherokee Village 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 increased by 3.6%, 3 bedroom homes increased by 76.4%, 4 bedroom homes decreased by 22.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pleasant Ridge Township | $150K | $204.4K | +36.3% |
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 Village, AR
How many homes are available in Cherokee Village, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 87 | -5.4% |
Summary: The Cherokee Village real estate market had 87 homes for sale in May 2024, a 5.4% 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 | 40 | 37 | -7.5% |
3 Bedrooms | 41 | 37 | -9.8% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cherokee Village 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 7.5%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Cherokee Village in May 2024, up by 46.2% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Cherokee Village, AR
We’re sorry, we don't have information for this market at the moment