Is Cherokee, KS 66724 a buyer’s or seller’s market?
Cherokee is a seller’s market. With about 2.1 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Cherokee housing market right now
In the three months ending August 31, 2026, 33% of homes in Cherokee, KS 66724 sold above their list price, the typical home went under contract in 16 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (51 days then) and the median sale price fell 75% to $40,982. Overall, Cherokee is more competitive than a year ago, so tougher for buyers.
Within Crawford County, homes here sell faster than in 86% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Mulberry 66756 (0% sold over asking) or Mc Cune 66753 (0% sold over asking).
Run the numbers for 66724
Nearby markets
Arcadia 66711 — /sq ftArma 66712Balanced $131 /sq ftFarlington 66734 — /sq ftFranklin 66735 — /sq ft Browse all markets →Where Cherokee is
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Questions about Cherokee real estate
Is Cherokee a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Cherokee, KS 66724 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cherokee?
The typical home went under contract in 16 days in the latest three months.
Do homes in Cherokee sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Cherokee?
About 1.06% of a home’s value a year in Crawford County, or roughly $4,240 on a $400,000 home.
What is the median home price in Cherokee?
The median sale price was $40,982 in the three months ending August 31, 2026, about $27 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology