Is Cherokee County, GA 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.
Housing Prices in Cherokee County, GA
How much do homes in Cherokee County, GA cost?
Median Sold Price
$458,089
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cherokee County was $458,089 in April 2024, up 5.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.8K | $422K | +136.0% |
2 Bedrooms | $325K | $343.7K | +5.8% |
3 Bedrooms | $375K | $399.9K | +6.7% |
4 Bedrooms | $461.9K | $480K | +3.9% |
5+ Bedrooms | $611K | $650K | +6.4% |
Summary: Cherokee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
Fulton County | $435.8K | $467.1K | +7.2% |
Pickens County | $388.7K | $412.6K | +6.1% |
Cherokee County | $433.1K | $458K | +5.8% |
Forsyth County | $549.5K | $579.5K | +5.5% |
Cobb County | $410.3K | $424.1K | +3.4% |
Housing Supply in Cherokee County, GA
How many homes are available in Cherokee County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,679 | 1,814 | +8.0% |
Summary: The Cherokee County real estate market had 1,814 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 121 | 122 | +0.8% |
3 Bedrooms | 654 | 696 | +6.4% |
4 Bedrooms | 535 | 566 | +5.8% |
5+ Bedrooms | 367 | 424 | +15.5% |
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 200%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 15.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
456 | 441 | -3.3% |
Asking Price vs. Sold Price
174 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
131 Homes Were Sold
Over Asking
Summary: A total of 441 homes were sold or pending in Cherokee County in April 2024, down by 3.3% month-over-month. Of the 424 sold homes, 41% were sold under asking, 28% were sold at asking, and 31% were sold over asking.
Days on Market for Cherokee County, GA
How long does it take to sell a home in Cherokee County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 27 Days | -8.9% |
Summary: Homes in Cherokee County had an average of 27 days on market in Apr 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
317 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Summary: During April 2024, 441 homes were sold in Cherokee County; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.