Is Cherokee, OK 73728 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cherokee is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Cherokee housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Alfalfa County, OK

Population	1,904
Median income	$67,417
Average income	$83,879
Median home value	$118,600
Median rent	$821/month
Owner-occupied	73% of homes
Median year built	1952

Natural hazard riskTornadoes (relatively high), hail (relatively high), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 73728; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 73728

Prefilled for 73728Can I win this house?Multiple-offer likelihood for a listing Prefilled for 73728Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Carmen 73726 — /sq ft Goltry 73739 — /sq ft Helena 73741 — /sq ft Jet 73749Seller’s market — /sq ft Browse all markets →

Towns like Cherokee nearby

Find towns like Cherokee in other states →

Medicine Lodge, KS67104 · 39 miles away82% similaryounger residents · 8 min shorter commute Medford, OK73759 · 36 miles away80% similarnewer homes Waynoka, OK73860 · 30 miles away77% similarcheaper homes ($25K less) · smaller Anthony, KS67003 · 33 miles away71% similarcheaper homes ($41K less) · 7 min shorter commute

Where Cherokee is

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Questions about Cherokee real estate

What are property taxes in Cherokee?

About 0.58% of a home’s value a year in Alfalfa County, or roughly $2,320 on a $400,000 home.

Local agents

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More tools for 73728

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Alfalfa County property taxes Alfalfa County loan limits Closing costs in Oklahoma Hottest ZIP codes in Oklahoma

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology