Cherokee Village, AR 72529 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. 141,000 is the primary indicator of market value — the neighborhood’s median sold price of 141,000 should be treated as the representative recent sale level and suggests actual transaction prices are below asking levels given the median listing price of 164,500, which may indicate pricing friction between seller expectations and closed sales.
2. 343 median days on market points to slower sales velocity and, combined with elevated inventory relative to sales activity in the analyzed sample, suggests persistent liquidity headwinds and more time required to convert listings into closed transactions.
3. 107 median price per square foot and 1,100 median market rent together describe the local price/rent context; while rental demand appears resilient, the rent year-over-year trend is down, so landlords and investors should treat rent growth as uncertain when evaluating near-term cashflow assumptions.
4. 141,000 as the settled price must be viewed alongside market indicators: the price year-over-year trend is down, the market temperature is cold, and interest rate pressure is elevated — together these signals suggest sellers may need to adjust pricing or terms to meet the current buyer pool and accelerate transactions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.