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Featured local agent — Lake Cherokee, TX
Sarah Mitchell
Compass Real Estate · Lake Cherokee, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Cherokee, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$239,900median sale price
How is the Lake Cherokee, TX housing market right now?
The median home sale price in Lake Cherokee, TX is $239,900, down 17.0% year-over-year. Homes sell in an average of 43 days with 2 active listings. The market is currently a seller'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 Lake Cherokee a buyer's or seller's market?
Lake Cherokee, TX is currently a seller's market, based on 2.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
43
Average pace
Active listings
2
2.0 months supply
Sale-to-list
—
Below asking
What does the Lake Cherokee housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $239,900 |
| Year-over-year price change | -17.0% |
| Average days on market | 43 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Median price per sq ft | $121/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Cherokee by property type?
How the Lake Cherokee, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,900 | $121/sq ft | 1 | 43 days |
Source: Redfin · Updated monthly
The Lake Cherokee housing market is currently classified as a seller's market with a median sale price of $239,900. Prices have fallen 17.0% compared to last year, with homes spending an average of 43 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lake Cherokee
There are currently 2 homes listed for sale in Lake Cherokee, Texas.
Active listings
2
Homes on market
Avg. days on market
43
Days until sale
Who lives in Lake Cherokee?
Population
3,358
Median income
$91,571/yr
Median age
56.1 years
Owner-occupied
83.4%
College grads
31.2%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Cherokee?
Lake Cherokee is a community of approximately 3K residents with a median age of 56.1 years.The median household income is $91,571, which reflects a relatively affluent area with strong earning potential. 31.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Cherokee offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Cherokee, TX?
Want a head-to-head view? Compare Lake 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 Lake Cherokee?
The median home sale price in Lake Cherokee is $239,900, down 17.0% from last year.
How long do homes stay on market in Lake Cherokee?
Homes typically spend 43 days on market before going under contract.
What is the median income in Lake Cherokee?
The median household income is $91,571 per year.
Is Lake Cherokee a buyer's or seller's market?
With 2.0 months of supply, Lake Cherokee is currently a seller's market.
How much does a single-family home cost in Lake Cherokee?
The median single-family home price in Lake Cherokee, TX is $239,900 (about $121 per square foot).
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