Cherokee Village, AR 72529 Real Estate Market Report

ZIP Code: 72529
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

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

Note: 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

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cherokee Village, AR, are approximately 6.3% to 6.6%, reflecting a volatile market environment compared to earlier 2026 periods where rates briefly dipped below 6%.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary market indicator, the median sold price, is 134,500, which should be treated as the most reliable signal of current market value and recent transaction activity in Cherokee Village.

2. There is a meaningful gap between the median listing price (165,000) and the median sold price (134,500), which suggests pricing friction and that seller expectations may be above recent transaction levels; this dynamic, combined with a median days on market of 323, appears to be associated with soft demand and slower sales velocity.

3. Market-level signals show the market temperature is cold and the price year-over-year trend is down, indicating continued downward pressure on prices and constrained liquidity that may favor price-sensitive buyers or require seller concessions.

4. Rental dynamics are strengthening while interest rate pressure is moderate: median market rent is 1,275 and rent year-over-year trend is up, which suggests owners considering holding as rental assets or investors focused on cash flow should evaluate the improving rent backdrop relative to the current transaction-driven price environment.

---

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.