Cherokee Village, AR Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Cherokee Village, AR is $119,200, down 11.7% year-over-year. Homes sell in an average of 85 days with 76 active listings. The market is currently a buyer's market.
$119,200median sale price
Is Cherokee Village a buyer's or seller's market?
Cherokee Village, AR is currently a buyer's market, based on 6.9 months of supply and homes selling in about 85 days. How we determine this →
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
Cherokee Village, AR market data
| Metric | Value |
|---|---|
| Median sale price | $119,200 |
| Median list price | $139,700 |
| Year-over-year price change | -11.7% |
| Average days on market | 85 days |
| Active inventory | 76 listings |
| Months of supply | 6.9 months |
| Sale-to-list price ratio | 90.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
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
Homes for sale in Cherokee Village
There are currently 76 homes listed for sale in Cherokee Village, Arkansas. The median listing price is $140K.
Active listings
76
Homes on market
Median list price
$140K
Avg. days on market
85
Days until sale
New this week
14
Newly listed
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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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