Cherokee Housing Market Report January 2025•Colbert County, Alabama

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Housing Prices in Cherokee, AL

How much do homes in Cherokee, AL cost?

Housing Market Conditions

Is Cherokee, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cherokee is a Buyer's Market

Difference Since January 2024

At the same time last year, Cherokee was a Seller's Market.

Insight

Cherokee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$134,500$82/SqFt
+$46,225
+52.4%

Based on all homes sold in the last 12 months

Insight

Homes in Cherokee have sold for 52.4% more than they did a year ago.

Summary: The median home sold price in Cherokee was $134,500 in January 2025, up 52.4% from last year, and the median price per square foot was $82.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$64.9K$56.5K
-12.9%
3$95.2K$112.2K
+17.8%
4$170K$240K
+41.2%
5$80K-
N/A

Summary: Cherokee housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -12.9%. The home price for 3 bedroom homes increased by +17.8%. The home price for 4 bedroom homes increased by +41.2%. The home price for 5 bedroom homes did not change.

Housing supply in Cherokee, AL

How many homes are available in Cherokee, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
24Last MonthJan 2025
232 months agoDec 2024
+4.3 %
Change MoMDec – Jan

Summary: The Cherokee real estate market had 24 homes for sale in Jan 2025, a 4.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthJan 2025
12 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
222
0.0%
31011
+10.0%
100
0.0%
466
0.0%
555
0.0%

Summary: Cherokee housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +10.0%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Cherokee, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Cherokee, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Cherokee in January 2025, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Cherokee, AL

How long does it take to sell a home in Cherokee, AL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Cherokee are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 1 homes were sold in Cherokee; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
168 DaysThis YearJan 2025
69 Days1 year agoJan 2024
+143.5 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Cherokee had an average listing age of 168 days in Jan 2025, up by 143.5% compared to the previous year.

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Newest Listings in Cherokee, AL

What homes are available in Cherokee, AL?

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Nearby markets aren't available for Cherokee, AL

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Based on information from Strategic MLS Alliance, Memphis MLS, ValleyMLS, and RealTracs Middle Tennessee Regional MLS for the period 02/01/2023 - 02/01/2025

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Last updated on: 2/20/2025, 11:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 11:18:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.