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Featured local agent — Cherokee Village, AR
Sarah Mitchell
Compass Real Estate · Cherokee Village, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherokee Village, AR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$130,000median sale price
How is the Cherokee Village, AR housing market right now?
The median home sale price in Cherokee Village, AR is $130,000, down 5.1% year-over-year. Homes sell in an average of 172 days with 92 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherokee Village a buyer's or seller's market?
Cherokee Village, AR is currently a buyer's market, based on 7.7 months of supply and homes selling in about 172 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
172
Average pace
Active listings
92
7.7 months supply
Sale-to-list
98.8%
Below asking
What does the Cherokee Village housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $130,000 |
| Median list price | $169,000 |
| Year-over-year price change | -5.1% |
| Average days on market | 172 days |
| Active inventory | 92 listings |
| Months of supply | 7.7 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $108/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 23 |
| Listings with a price cut | 26.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Cherokee Village by property type?
How the Cherokee Village, AR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $130,000 | $108/sq ft | 12 | 172 days |
| Condo / Co-op | $120,000 | $89/sq ft | 1 | 316 days |
| Townhouse | $36,000 | $25/sq ft | 1 | 62 days |
Source: Redfin · Updated monthly
The Cherokee Village housing market is currently classified as a buyer's market with a median sale price of $130,000. Prices have fallen 5.1% compared to last year, with homes spending an average of 172 days on market, indicating 7.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Cherokee Village
There are currently 92 homes listed for sale in Cherokee Village, Arkansas. The median listing price is $169K.
Active listings
92
Homes on market
Median list price
$169K
Avg. days on market
172
Days until sale
New this week
23
Newly listed
Who lives in Cherokee Village?
Population
5,078
Median income
$35,244/yr
Median age
51.1 years
Owner-occupied
85.0%
College grads
17.9%
Avg commute
21 min
Source: U.S. Census Bureau ACS
What are homes worth in Cherokee Village?
Zillow home value
$149,704
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Cherokee Village?
Cherokee Village is a community of approximately 5K residents with a median age of 51.1 years.The median household income is $35,244, which represents a working-class community with solid middle-income opportunities. 17.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 85.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cherokee Village offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cherokee Village, AR?
Want a head-to-head view? Compare Cherokee Village 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 Village?
The median home sale price in Cherokee Village is $130,000, down 5.1% from last year.
How long do homes stay on market in Cherokee Village?
Homes typically spend 172 days on market before going under contract.
What is the median income in Cherokee Village?
The median household income is $35,244 per year.
Is Cherokee Village a buyer's or seller's market?
With 7.7 months of supply, Cherokee Village is currently a buyer's market.
What is the Zillow home value estimate for Cherokee Village?
The Zillow Home Value Index (ZHVI) for Cherokee Village is $149,704, representing the typical home value in the area.
What is the median condo price in Cherokee Village?
The median condo/co-op sale price in Cherokee Village, AR is $120,000, compared to $130,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cherokee Village?
The median single-family home price in Cherokee Village, AR is $130,000 (about $108 per square foot).
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