Is Cherokee Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cherokee Township has remained a Seller's Market.
Housing Prices in Cherokee Township, MO
How much do homes in Cherokee Township, MO cost?
Median Sold Price
$471,955
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $227.7K | $218K | -4.3% |
3 Bedrooms | $300K | $304K | +1.3% |
4 Bedrooms | $361.5K | $412.5K | +14.1% |
5+ Bedrooms | $494.9K | $667.5K | +34.9% |
Summary: Cherokee Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Cherokee Township | $354.5K | $471.9K | +33.1% |
Springfield | $219.7K | $234.2K | +6.6% |
Springfield Township | $219.7K | $234.2K | +6.6% |
Housing Supply in Cherokee Township, MO
How many homes are available in Cherokee Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 33 | -8.3% |
Summary: The Cherokee Township real estate market had 33 homes for sale in May 2024, a 8.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Cherokee Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Cherokee Township in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Cherokee Township, MO
How long does it take to sell a home in Cherokee Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 69 Days | -28.6% |
Summary: Homes in Cherokee Township had an average of 69 days on market in May 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Cherokee Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.