The Cherokee housing market is not very competitive. The median sale price of a home in Cherokee was $119K last month, up 58.3% since last year. The median sale price per square foot in Cherokee is $132, up 6.0% since last year.
What is the housing market like in Cherokee today?
In October 2024, Cherokee home prices were up 58.3% compared to last year, selling for a median price of $119K. On average, homes in Cherokee sell after 32 days on the market compared to 122 days last year. There were 6 homes sold in October this year, down from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$118,750
+58.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Cherokee, TN
$118,750
+58.3%
United States
To compare other locations to the Cherokee and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Memphis add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Cherokee housing market?
Cherokee is not very competitive. Homes sell in 89.5 days.
0
100
29
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 90 days.
Hot homes
can sell for around list price and go pending in around 32 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cherokee housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cherokee.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Cherokee has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information
Provided by First Street Foundation
Transportation in Cherokee
Learn about the walkability, bikeability, and transit-friendliness of Cherokee