The Cherokee housing market is somewhat competitive. The median sale price of a home in Cherokee was $269K last month, up 18.2% since last year. The median sale price per square foot in Cherokee is $187, up 25.5% since last year.
What is the housing market like in Cherokee today?
In March 2024, Cherokee home prices were up 18.2% compared to last year, selling for a median price of $269K. On average, homes in Cherokee sell after 48 days on the market compared to 39 days last year. There were 13 homes sold in March this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$269,000
+18.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cherokee, TN
$269,000
+18.2%
United States
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How hot is the Cherokee housing market?
Cherokee is somewhat competitive. Homes sell in 37 days.
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100
50
Somewhat 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 6 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 37 days.
Hot homes
can sell for around list price and go pending in around 23 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.
Risk Factor
Flood Factor - Major
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cherokee has a major risk of flooding. 366 properties in Cherokee are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in Cherokee. Flood risk is increasing slower than the national average.
88% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cherokee has a moderate risk of wildfire. There are 1,375 properties in Cherokee that have some risk of being affected by wildfire over the next 30 years. This represents 88% of all properties in Cherokee.