The Cherokee Park housing market is somewhat competitive. The median sale price of a home in Cherokee Park was $502K last month, down 43.7% since last year. The median sale price per square foot in Cherokee Park is $474, up 49.1% since last year.
What is the housing market like in Cherokee Park today?
In September 2024, Cherokee Park home prices were down 43.7% compared to last year, selling for a median price of $502K. On average, homes in Cherokee Park sell after 49 days on the market compared to 42 days last year. There were 4 homes sold in September this year, down from 7 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$502,375
-43.7% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Cherokee Park, TN
$502,375
-43.7%
United States
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How hot is the Cherokee Park housing market?
Cherokee Park is somewhat competitive. Homes sell in 44.5 days.
0
100
42
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 12 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 45 days.
Hot homes
can sell for about 2% above list price and go pending in around 21 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 Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cherokee Park.
Flood Factor - Major
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cherokee Park has a major risk of flooding. 82 properties in Cherokee Park are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in Cherokee Park. Flood risk is increasing slower than the national average.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Cherokee Park has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cherokee Park is most at risk from hurricanes. 400 properties in Cherokee Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 63 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 72 mph.