Cherokee Village, AR 72529 Real Estate Market Report

ZIP Code: 72529
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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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.

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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.

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Rental Market

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Property Taxes

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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.

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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 averaging 6.34%, which is 0.26% higher than the average rate of 6.08% recorded in the week ending April 3, 2026.

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

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Key Findings

1. $129,450 median sold price anchors market value; given the spread to the $165,000 median listing price, sellers may need to reduce expectations to transact in the current cold market.

2. 323 days median days on market indicates notably slower sales velocity and suggests buyers can take a measured approach to negotiation and inspections.

3. $1,330 median market rent is rising and, with rent year-over-year trends up, investors should consider rental demand strength when evaluating buy-to-rent opportunities.

4. 108.17120622568093 median price per square foot provides a precise local pricing baseline for comparable offers and underwriting assumptions.

5. 0.58% property tax rate is a stable ownership cost input; combined with moderate interest rate pressure, this supports cautious underwriting and may tilt some buyers toward renting rather than purchasing.

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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.