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Is Cherokee, IA 51012 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 6.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score14/ 100

More competitive than 7% of U.S. ZIP codes, and #149 of 156 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply6.2Under 4 months = seller’s market
Sold above original list6.7%Share of sales, last 3 months
Median sale-to-list93.1%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$83▼ −7.2% vs. last year

Run the numbers for 51012

Prefilled for 51012Can I win this house?Multiple-offer likelihood for a listing Prefilled for 51012Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aurelia 51005Balanced $93 /sq ftCleghorn 51014 — /sq ftLarrabee 51029 $116 /sq ftMarcus 51035Seller’s market $109 /sq ft Browse all markets →

More tools for 51012

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

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