Cherokee County, NC Home Values & Market Trends

The median home price in Cherokee County, NC is $290,742.69. There were 705 home sales in Cherokee County, NC over the past 12 months. The median residential Cherokee County, NC home value for transactions over the previous year is $261,000. The number of current listings in Cherokee County, NC is 113, and the percentage of properties for sale is 113.00%. The county has 4 foreclosures, 1 bank owned properties, 1 headed for auction, and 113 properties for sale.

Cherokee County, NC Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Murphy

$ 377,574

$ 231/sqft

Marble

$ 173,947

$ 167/sqft

Andrews

$ 309,299

$ 166/sqft

Culberson

$ --

$ --

Topton

$ 924,900

$ 347/sqft

Housing Market Summary for Cherokee County, NC

Apr 2023March 2024Change
Median Listing Price$358K$284.1K-20.66%
Median Sold Price$283.3K$284.1K0.28%
Homes For Sale719838.03%
Homes Sold317251-20.82%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Cherokee County, NC

Cherokee County, NC home values range from $22,200 to $3,825,013. Topton is the priciest city with a median listing home price of $924,900, and Marble is most affordable with average house prices of around $259,900.

Foreclosure
There are 5 cities within Cherokee County, NC; within these cities, the median estimated home value for homes in foreclosure ranges from $167,795 in Murphy to the lowest value of $133,000 in Murphy. Foreclosure homes account for 0.00% of properties in Cherokee County, NC with Murphy containing 2 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.02% of all residential properties in Cherokee County, NC with Andrews containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 5 cities within Cherokee County, NC; of those cities, the estimated home value for pre-foreclosure homes ranges from $142,000 in Andrews to the lowest home value of $133,000 in Murphy.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Cherokee County, NC ranges from the highest value of $167,795 in Marble to the lowest value of $167,795 in Marble. Bank owned homes and properties account for 0.01% of properties in Cherokee County, NC. There are 5 cities within Cherokee County, NC; Marble containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Murphy has 1 auction properties, the highest number of properties going to auction in a single city in the state of Cherokee County, NC. Auction homes and other auction properties account for 0.01% of all properties in Cherokee County, NC. There are 5 cities within Cherokee County, NC; of those cities, the median estimated home value for homes going to auction ranges from $424,109 in Murphy to the lowest value of $424,109 in Murphy.
Homes for Sale
Homes and properties that are actively listed for sale account for 1.03% of residential properties in Cherokee County, NC with Murphy containing 94 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Cherokee County, NC; homes for sale in those cities, have a range of median values from $1,490,000 in Topton to the lowest value of $87,000 in Murphy.
    Sold Homes
    The median value for recently sold homes ranges from $765,380 in Topton to the lowest price of $23,660 in Topton. There are 5 cities within Cherokee County, NC. Murphy has 230 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.74% of properties in Cherokee County, NC.

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      Guide for Cherokee County, NC

      Foreclosure
      North Carolina Foreclosure Laws
      Buy to Rent
      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent
      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent
      Real Estate Trends in the Durham, NC – Feb 2024
      See More Articles
      North Carolina Foreclosure Laws
      Foreclosure|posted 6 June 2019

      North Carolina Foreclosure Laws

      Asheville, North Carolina Real Estate Market Snapshot – April 2024
      Buy to Rent|posted 17 April 2024

      A look at the Asheville’s real estate market trends from May 2023 to March 2024, highlighting key trends and dynamics in home values, sale prices, and supply.

      Greensboro Real Estate Trends Shift: Property Values Decline, But Activity Remains Buoyant in 2023 – 2024
      Buy to Rent|posted 12 March 2024

      In Greensboro, NC, real estate trends indicate a decreasing average property value and sale price as of February 2024 while maintaining consistent market activity. Property values in the city indicate an affordable entry point for homebuying in comparison to neighboring areas.

      Real Estate Trends in the Durham, NC – Feb 2024
      Buy to Rent|posted 29 February 2024

      The Durham, NC real estate market is showing dynamic trends, with fluctuations in property value and sold prices across the year and in neighboring cities. Local demand, economic factors, and community growth have created a complex market with growth potential, minimal distressed sales, and distinct opportunities for various buyer segments.