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Is Cherokee, AL 35616 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cherokee is a buyer’s market. With about 6.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.7Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list90.2%Sold price ÷ list price

Median days on market45Listing to accepted offer

Median price per sq ft$106▲ +23.9% vs. last year

Run the numbers for 35616

Prefilled for 35616Can I win this house?Multiple-offer likelihood for a listing Prefilled for 35616Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Leighton 35646Seller’s market $136 /sq ft Muscle Shoals 35661Balanced $164 /sq ft Sheffield 35660Balanced $113 /sq ft Tuscumbia 35674Balanced $146 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology