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CHEROKEE, IA 51012

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The CHEROKEE, IA real estate market (51012) currently shows 26 active listings, with 5 pending sales. Homes are averaging 105 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 105 days on market compared to 46 days last year.

The median listing price has risen 2.2% year-over-year, from $159,900 to $163,450.

Whether you are buying or selling in CHEROKEE, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 6,518  ·  Density: 17.0/mi²  ·  Median household income: $55,792

Typical home value: $145,219  ·  Homeownership: 68.5%

Market Overview

Active Listings
26
⇩ 10.3% vs 29 last year
Pending
5
19% pending ratio
Median Price
$163,450
⇧ 2.2% vs $159,900 last year
Average Price
$180,011
⇩ 6.6% vs $192,771 last year
Days on Market
105
⇧ 128.3% vs 46 days last year

Price Per Square Foot

Median $/sqft
$89
⇩ 3.3% vs $92/sqft last year
Median Home Size
1,736 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 26 this year vs 29 last year
  • Days on market: 105 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $163,450 (+2.2% YoY)
  • Average: $180,011 (-6.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 27.1 miles — 100 listings ($24,612,950 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
51012Cherokee, IA 510120.0 mi28$4,782,736$165,950$170,812
51005Aurelia, IA 510057.2 mi3$637,500$212,500$212,500
51035Marcus, IA 5103512.4 mi3$662,376$192,475$220,792
51009Calumet, IA 5100913.8 mi1$82,250$82,250$82,250
51047Peterson, IA 5104716.7 mi2$133,000$66,500$66,500
51058Sutherland, IA 5105817.2 mi4$2,331,332$346,250$582,833
51048Pierson, IA 5104819.2 mi1$123,000$123,000$123,000
51033Linn Grove, IA 5103319.6 mi1$195,750$195,750$195,750
50588Storm Lake, IA 5058821.1 mi38$11,948,454$276,000$314,433
51053Schaller, IA 5105322.2 mi4$594,352$116,250$148,588
51245Primghar, IA 5124523.1 mi4$564,000$134,500$141,000
50585Sioux Rapids, IA 5058524.2 mi6$1,105,200$202,500$184,200
51003Alton, IA 5100327.1 mi5$1,453,000$300,000$290,600

Frequently Asked Questions

How many homes are for sale in CHEROKEE, IA 51012?

As of March 2026, there are 26 active listings in CHEROKEE, IA (zip code 51012), compared to 29 the prior year.

What is the median home price in CHEROKEE, IA 51012?

The median listing price in CHEROKEE, IA 51012 is $163,450 as of March 2026, a 2.2% increase from $159,900 the prior year.

How long do homes stay on the market in CHEROKEE, IA?

Homes in CHEROKEE, IA 51012 spend an average of 105 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in CHEROKEE, IA 51012?

Based on current inventory and days-on-market data as of March 2026, CHEROKEE, IA 51012 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 105 days on market compared to 46 days last year.

How much can I save on real estate commission in CHEROKEE, IA?

With SELL123.com's maximum 3% commission, sellers in CHEROKEE, IA 51012 save an estimated $3,269 compared to a typical 5% commission on the median listing price of $163,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.