Cherokee Housing Market Report March 2025•Shelby County, Tennessee

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Housing Prices in Cherokee, TN

How much do homes in Cherokee, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$125,000–
+$25,500
+25.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Cherokee has increased by 25.6% since last year.

Summary: The median home list price in Cherokee was $125,000 in March 2025, up 25.6% from the previous year, and the median price per square foot was $0.

Median List Price By Neighborhoods

Median List Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Cherokee
+25.6%
Orange Mound
+24.3%
Sherwood Forest
+3.2%

Median List Price By Bedrooms

Median List 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.
BedsMar 2024Mar 2025Change YoY
1--
N/A
2$76.5K$119.9K
+56.7%
3$109.5K$148.5K
+35.6%
4$110K$145K
+31.8%
5-$220K
N/A

Summary: Cherokee housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +56.7%. The home price for 3 bedroom homes increased by +35.6%. The home price for 4 bedroom homes increased by +31.8%. The home price for 5 bedroom homes did not change.

How does Cherokee, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Cherokee, TN

Housing supply in Cherokee, TN

How many homes are available in Cherokee, TN?

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
14Last MonthMar 2025
122 months agoFeb 2025
+16.7 %
Change MoMFeb – Mar

Summary: The Cherokee real estate market had 14 homes for sale in Mar 2025, a 16.7 % increase compared to Feb 2025.

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
245
+25.0%
377
0.0%
401
+100.0%
511
0.0%

Summary: Cherokee housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Cherokee, TN 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 Price2 Homes

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 2 homes were sold or pending in Cherokee in March 2025, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Cherokee, TN

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

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
204 DaysThis YearMar 2025
828 Days1 year agoMar 2024
-75.3 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Cherokee had an average listing age of 204 days in Mar 2025, down by 75.3% compared to the previous year.

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Newest Listings in Cherokee, TN

What homes are available in Cherokee, TN?

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Nearby markets

Popular Cities with Homes for Sale in Tennessee

MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 04/01/2023 - 04/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2025, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.