The housing market in Cherokee continues to see strong price appreciation, with values up 174.1% compared to last year. Home prices have decreased 74.5% in the past month. With 4 active listings, inventory is 300% higher than seasonal norms. Homes are taking about 82 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cherokee market with the affordability index at 289.6. Based on current market indicators, home prices in Cherokee are projected to decrease by approximately 7.2% over the next month.