Cherokee Village, AR
Housing market overview · Updated weekly
$119,200median sale price
Homes sold
11
Last 12 weeks
Days on market
85
Average pace
Active listings
76
6.9 months supply
Sale-to-list
90.5%
Below asking
The Cherokee Village housing market is currently classified as a buyer's market with a median sale price of $119,200. Prices have fallen 11.7% compared to last year, with homes spending an average of 85 days on market, indicating 6.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Cherokee Village?
The median home sale price in Cherokee Village is $119,200, down 11.7% from last year.
How long do homes stay on market in Cherokee Village?
Homes typically spend 85 days on market before going under contract.
Is Cherokee Village a buyer's or seller's market?
With 6.9 months of supply, Cherokee Village is currently a buyer's market.
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