Cherokee, NC Foreclosures
How much do homes sell for in Cherokee, NC?
The average home price is currently $281,533.
In Cherokee, NC, how many homes are available?
There are currently 2 active home listings available in Cherokee.
What’s the average rental cost in Cherokee, NC?
The average rental price in Cherokee is $1,050.
What is the most expensive home in Cherokee?
The most expensive home sold in Cherokee had a price of $636,789.
What is currently the cheapest priced home in Cherokee, NC?
The cheapest home for sale in Cherokee is priced at $27,665.
Living in Cherokee, NC
Cherokee, NC, is a unique town located in the Smoky Mountains, known for its rich Native American heritage and stunning natural beauty. This vibrant community offers a variety of outdoor activities, cultural experiences, and essential amenities, making it an ideal place for residents and visitors. With a focus on community and nature, Cherokee is a hidden gem that showcases the best of Western North Carolina.
Current Market Conditions in Cherokee, NC
The real estate market in Cherokee is showing signs of consistent growth, driven by the area's historical significance and natural beauty. Homes are being bought at a steady pace, often with multiple offers, indicative of a strong buyer demand. The market is currently favoring sellers, with homes appreciating in value, making it an attractive place to invest.
Recent trends show an influx of new residents seeking vacation homes or permanent residences in Cherokee, fueled by its scenic surroundings and cultural attractions. The tourism industry also plays a vital role, providing additional rental opportunities for property investors.
Home Value Estimator For Cherokee, NC
There are currently 25 real estate properties
in Cherokee, NC,
with a median automated valuation model (AVM) price
of $251,846.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Cherokee, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Cherokee, NC,
is $281,533.00, with the most expensive house
in Cherokee, NC, topping out
at $636,789.00 and the cheapest home
in Cherokee, NC,
clocking in at $27,665.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Cherokee, NC!
Rent Prices
In Cherokee, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Cherokee, NC, is on
a rollercoaster ride. The
average rent price in Cherokee, NC,
is $1,050.00. Indeed, when looking to rent in
Cherokee, NC, you can expect to pay as little
as $650.00 or as much
as $1,770.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Cherokee, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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