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Featured local agent — Cherokee, AL
Sarah Mitchell
Compass Real Estate · Cherokee, AL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherokee, AL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$92,000median sale price
How is the Cherokee, AL housing market right now?
The median home sale price in Cherokee, AL is $92,000, down 36.5% year-over-year. Homes sell in an average of 156 days with 4 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherokee a buyer's or seller's market?
Cherokee, AL is currently a balanced market, based on 1.0 months of supply and homes selling in about 156 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
156
Average pace
Active listings
4
1.0 months supply
Sale-to-list
95.2%
Below asking
What does the Cherokee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $92,000 |
| Median list price | $92,900 |
| Year-over-year price change | -36.5% |
| Average days on market | 156 days |
| Active inventory | 4 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $76/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cherokee by property type?
How the Cherokee, AL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $92,000 | $76/sq ft | 4 | 156 days |
Source: Redfin · Updated monthly
The Cherokee housing market is currently classified as a balanced market with a median sale price of $92,000. Prices have fallen 36.5% compared to last year, with homes spending an average of 156 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Cherokee
There are currently 4 homes listed for sale in Cherokee, Alabama. The median listing price is $93K.
Active listings
4
Homes on market
Median list price
$93K
Avg. days on market
156
Days until sale
New this week
2
Newly listed
Who lives in Cherokee?
Population
1,059
Median income
$54,107/yr
Median age
42.5 years
Owner-occupied
73.8%
College grads
15.8%
Avg commute
23.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Cherokee?
Zillow home value
$146,528
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Cherokee?
Cherokee is a community of approximately 1K residents with a median age of 42.5 years.The median household income is $54,107, which represents a working-class community with solid middle-income opportunities. 15.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cherokee offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cherokee?
2 schools tracked · 431 students
The largest public schools serving Cherokee, AL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cherokee Elementary School
Grades PK-6 · 221 students
Cherokee High School
Grades 7-12 · 210 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cherokee, AL?
Want a head-to-head view? Compare Cherokee side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cherokee?
The median home sale price in Cherokee is $92,000, down 36.5% from last year.
How long do homes stay on market in Cherokee?
Homes typically spend 156 days on market before going under contract.
What is the median income in Cherokee?
The median household income is $54,107 per year.
Is Cherokee a buyer's or seller's market?
With 1.0 months of supply, Cherokee is currently a balanced market.
What is the Zillow home value estimate for Cherokee?
The Zillow Home Value Index (ZHVI) for Cherokee is $146,528, representing the typical home value in the area.
How much does a single-family home cost in Cherokee?
The median single-family home price in Cherokee, AL is $92,000 (about $76 per square foot).
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