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Real estate in Memphis’ Cherokee neighborhood.

Compare top Cherokee real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Cherokee real estate Market Report.

Information and statistics on the latest trends in the Cherokee real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$159K
+39% from Q1 '26
Median list price
$139K
+4.7% from Q1 '26
Active listings
11
-8.3% from Q1 '26
Homes sold
3
+50% from Q1 '26
New pendings
4
No change from Q1 '26
New listings
5
-38% from Q1 '26

Quarterly Pricing Trends for Cherokee

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Cherokee Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $75K Median sale price in Jul 2021 - Sep 2021: $94K Median sale price in Oct 2021 - Dec 2021: $95K Median sale price in Jan 2022 - Mar 2022: $90K Median sale price in Apr 2022 - Jun 2022: $127K Median sale price in Jul 2022 - Sep 2022: $72K Median sale price in Oct 2022 - Dec 2022: $93K Median sale price in Jan 2023 - Mar 2023: $145K Median sale price in Apr 2023 - Jun 2023: $115K Median sale price in Jul 2023 - Sep 2023: $75K Median sale price in Oct 2023 - Dec 2023: $125K Median sale price in Jan 2024 - Mar 2024: $165K Median sale price in Apr 2024 - Jun 2024: $103K Median sale price in Jul 2024 - Sep 2024: $134K Median sale price in Oct 2024 - Dec 2024: $120K Median sale price in Jan 2025 - Mar 2025: $130K Median sale price in Apr 2025 - Jun 2025: $79K Median sale price in Jul 2025 - Sep 2025: $125K Median sale price in Oct 2025 - Dec 2025: $130K Median sale price in Jan 2026 - Mar 2026: $114K Median list price in Apr 2021 - Jun 2021: $86K Median list price in Jul 2021 - Sep 2021: $100K Median list price in Oct 2021 - Dec 2021: $134K Median list price in Jan 2022 - Mar 2022: $95K Median list price in Apr 2022 - Jun 2022: $105K Median list price in Jul 2022 - Sep 2022: $126K Median list price in Oct 2022 - Dec 2022: $83K Median list price in Jan 2023 - Mar 2023: $116K Median list price in Apr 2023 - Jun 2023: $80K Median list price in Jul 2023 - Sep 2023: $119K Median list price in Oct 2023 - Dec 2023: $150K Median list price in Jan 2024 - Mar 2024: $100K Median list price in Apr 2024 - Jun 2024: $140K Median list price in Jul 2024 - Sep 2024: $125K Median list price in Oct 2024 - Dec 2024: $114K Median list price in Jan 2025 - Mar 2025: $115K Median list price in Apr 2025 - Jun 2025: $84K Median list price in Jul 2025 - Sep 2025: $120K Median list price in Oct 2025 - Dec 2025: $135K Median list price in Jan 2026 - Mar 2026: $132K Apr 2021 - Jun 2021 Median sale price $75K Median list price $86K Jul 2021 - Sep 2021 Median sale price $94K Median list price $100K Oct 2021 - Dec 2021 Median sale price $95K Median list price $134K Jan 2022 - Mar 2022 Median sale price $90K Median list price $95K Apr 2022 - Jun 2022 Median sale price $127K Median list price $105K Jul 2022 - Sep 2022 Median sale price $72K Median list price $126K Oct 2022 - Dec 2022 Median sale price $93K Median list price $83K Jan 2023 - Mar 2023 Median sale price $145K Median list price $116K Apr 2023 - Jun 2023 Median sale price $115K Median list price $80K Jul 2023 - Sep 2023 Median sale price $75K Median list price $119K Oct 2023 - Dec 2023 Median sale price $125K Median list price $150K Jan 2024 - Mar 2024 Median sale price $165K Median list price $100K Apr 2024 - Jun 2024 Median sale price $103K Median list price $140K Jul 2024 - Sep 2024 Median sale price $134K Median list price $125K Oct 2024 - Dec 2024 Median sale price $120K Median list price $114K Jan 2025 - Mar 2025 Median sale price $130K Median list price $115K Apr 2025 - Jun 2025 Median sale price $79K Median list price $84K Jul 2025 - Sep 2025 Median sale price $125K Median list price $120K Oct 2025 - Dec 2025 Median sale price $130K Median list price $135K Jan 2026 - Mar 2026 Median sale price $114K Median list price $132K
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
28
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Cherokee currently leans toward sellers, with the market gauge indicating a seller’s market. Months of supply sits around 4.3, lower than Memphis overall, where supply is closer to 5.9 months. A relatively small pool of active listings and modest sales volume also shapes this balance.

Looking at a rolling three-month view through May 2026, prices have climbed sharply compared with a year ago. The typical home value is up more than 70 percent year over year, while the median list price has risen over 50 percent, signaling strong upward pressure on values despite limited inventory. At the same time, active listings are down more than 40 percent from a year earlier, and new listings have dropped by nearly half, so buyers are choosing from far fewer options than they had last year.

Market pace has shifted noticeably over time. Homes are taking longer to sell than they did in late 2025, with the median days on market now about a month, though that’s still much quicker than some earlier periods when listings sat for several months. Few recent sales have closed above list price, and the average sale-to-list ratio is under 90 percent, suggesting buyers still have some room for negotiation even in a seller-leaning environment. Both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent who understands these conditions.



Learn more about what Cherokee has to offer.

Cherokee offers residents a welcoming, community-centered atmosphere with historic charm, walkable streets, green spaces, and easy access to local shops and dining.

Cherokee in Memphis stands out from nearby neighborhoods like Whitehaven and Oakhaven with its strong sense of long-term residency and everyday practicality. Here, streets are lined with modest single family homes and small yards, giving the area a grounded feel that appeals to both first time buyers and long time residents who value familiarity and routine.

Proximity to major routes like I 240 makes commuting across Memphis straightforward, while local errands are easy to handle along Airways and Winchester. Families appreciate access to neighborhood schools such as Cherokee Elementary School, backed by district programming from Memphis-Shelby County Schools. For outdoor time, larger destinations like T.O. Fuller State Park and McKellar Lake are a short drive away, offering trails, fishing, and open space beyond the residential blocks.

Daily life in Cherokee often centers on local churches, nearby community centers, and convenient shopping along the main corridors, while broader cultural and dining options in South Memphis and downtown remain accessible. Keeping an eye on city services such as City of Memphis updates can also help residents track infrastructure and neighborhood initiatives.

Because Cherokee is primarily owner occupied, homes can move quickly when priced and prepared correctly. The same goes for buyers, who benefit from clear expectations and timely offers. Agent Pronto can help both buyers and sellers in Cherokee connect with an agent who understands the timing, pricing, and preparation that work best here.

Find your Cherokee real estate agent today →


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“Jeremiah, It was a joy and pleasure working with you. You made it fun light and easy. We have worked with realtors before and we really enjoyed you. You were not just professional, but personal, and I think that's what we loved the most about you is how personal you were and how involved you got. You listened and cared about every detail, our every need and want and brought that into a personal experience. Thank you so much for your time, your kindness, your loyalty, the laughs, helping us try to get a daughter-in-law, LOL, but most of all your personality, which Danny and I loved and enjoyed!! You are not just our realtor, but our friend and we thank you... Praying Gods blessings over you!”

Danny & Kathy Thanasilangkul · Greeneville, TN

Photo of Jeremiah Frank
Epique Realty
“This is the third time that I have worked with Mike in either buying or selling a home. I appreciate his honesty, his attention to detail, and I knew I could be confident in choosing him as my realtor.”

Rita Colley · Johnson City, TN

Photo of Creation Properties
Century 21 Legacy
“Brad not only found us a great house but set us up with insurance and a great fence company. Also continued to reach out to see if we needed anything. Brad was awesome helping us over the last month especially coming from a different state”

Randy Moore · McMinnville, TN

Photo of Brad Fowler
Century 21 Wright Realty
“Great experience with Brooke. This is the fourth time she's been involved with a purchase and selling of a home.”

Nick Rowe · Bristol, TN

Photo of Brooke Shelton
Century 21 Legacy
“She kept me informed the whole way it went under contract within the first two weeks. We have some more property and after this year, we are going to list it. with her again, I will tell all my friends about her.”

Florence Armour · Gatlinburg, TN

Photo of Katelyn Warren
Castle & Associates Real Estate
“Khristian was extremely helpful in buying my home. I truly felt at home and at ease working with him. He made sure I was aware of everything going on, and took me to every home I wanted to see.”

Dalton Pharris · Mount Juliet, TN

Photo of First Class Real Estate
Keller Williams First Class Real Estate
“Jessica is an amazing Realtor. She truly cares about the people she works with and goes above and beyond to make her clients transition a smooth one. We just loved working with her and will definitely work with her again. She is great for vacation homes too both in the Smokies and Panama City Beach FL. Her knowledge of short term rentals helped us tremendously.”

Burke · Cosby, TN

Photo of Jessica Weston
Realty One Group Emerald Coast
“I strongly recommend Shawn Wright to my friends and other because he is outstanding and very knowledgeable. Also he is my agent to sale a mother home”

Qussay Al Janabi · Smyrna, TN

Photo of Shawn Wright
Century 21 Wright Realty
“Mr. Black made it so for us.”

David Bailey · Palmyra, TN

Photo of Christian Black Team
Century 21 Platinum Properties
“Good service nice response time very polite overall very satisfied stay dangerous Betty lol”

Dion Price · Whiteville, TN

Photo of Betty McGaughey
eXp Realty
“She helped us buy our house, then sell it a few years later. Couldn't recommend more! So communicative, answered all my questions at a timely, proffessional manner. I was probably not the easiest client at times because stress, but she was so calm and reassuring through the whole process! Seriously so grateful for how smoothly this sale went, all with the help of Marie!”

Kristen Curtis · Clarksville, TN

Photo of Marie LaVoise
CENTURY 21 Platinum Properties
“Rolanda was absolutely wonderful to work with during the selling process. She was professional, knowledgeable, resourceful, and patient. She ensured that I was represented well and every step of the way. I highly recommend Rolanda to friends, family, or associates.”

Laurie Rowe Walker · Chattanooga, TN

Photo of Rolanda Pullen Daniel
Coldwell Banker Pryor Realty
“Great results pleasure working with her woild recommend her with anyone selling or buying a property”

Clint · Mosheim, TN

Photo of Tracey  Bright
RE/MAX Real Estate Ten Midtown
“Rasa Baldino proved to be an excellent realtor and was wonderful to work with. She offered valuable recommendations regarding the decor and appearance of our cabin. We implemented those recommendations which helped attract potential buyers and the cabin sold quickly thereafter. We have recommended Rasa to others and will definitely use her again should the opportunity arise.”

Curt 26 Shannon · Pigeon Forge, TN

Photo of Ralph & Rasa Baldino
Century 21 MVP
“Ms. Kimberly Townsend is an awesome realtor! She assisted us in finding our forever home with all our wants. She went over and beyond to make sure all of our needs were met. We truly appreciate her due diligence to property details that buyers would not have notice. She is very knowledgeable and professional. She explained every step of the home buying process in depth. She made this experience enjoyable! Excellent Job, Ms. Townsend.”

Brenda M. · Olive Branch, MS

Photo of Kim Townsend
Century 21 Patterson & Associates
“Went above and beyond expectations to help find a home suitable for my needs. My overall experience was fantastic and was kept informed every step of the way. Very knowledgeable and detail oriented.”

Tyler · Kingsport, TN

Photo of David Edwards JR
CENTURY 21 Legacy
“Misty was an amazing agents with strong knowledge in not only properties but with menuevering around the needs of the VA. She was willing to travel to any house I found in TN, some of which being hours away. I've already recommended her to a few people but if you're reading this I would look into her also.”

Steven · Pinson, TN

Photo of Misty Kinney
Century 21 Platinum Properties
“Miss Candy was very helpful with the sale of the property she knew what she was doing and how to handle all things that needed to be handled. I would recommend her to anyone that needed help with the sell of their property and I will use her again if I need help with selling any property, Thank you so much Miss Candy for helping in the sale of the property.”

Gail Mullican · Smithville, TN

Photo of Candy Vaughn
Keller Williams Realty
“Parker Cole is an excellent realtor. He's extremely patient, trust worthy, knowledgeable about the area and more. He found us exactly what we were looking for and we had a huge list of must haves. He was always available and answered all of our questions. He goes above and beyond to make you feel comfortable and he makes sure everything is the way it's supposed to be. He helps in every step of the process. He makes sure that you know he can still help you even after the sale. Really appreciate how stress free he made this whole process for us. Thank you Parker Cole. You are amazing.”

Mr. and Mrs. Piekosz · Cunningham, TN

Photo of Parker Cole
Century 21 Platinum Properties
“Matthew demonstrated excellent realtor service. From communicating, providing assistance and more, this is tge type of serivice you would look for an a realtor!”

TK · Nashville, TN

Photo of Nashville Advantage
EXP Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Cherokee. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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