What does it cost to buy a home in Cherrywood right now?

The median Cherrywood home sold for $599,900 over the 12 months ending September 2026, across 43 residential sales in the ACTRIS MLS. That is down 9.0% from $659,000 the year before. The median home for sale today is listed at $748,000. Almost every sale here is a house, so the median is a fair starting point, but age, size and condition still move a specific home well above or below it.

Mostly older single-family houses. Of the 43 Cherrywood sales over the last 12 months, 41 were houses, with a median of $599,900, and there were just 2 condo sales. Of those 41 houses, 29 were built before 1960 and 9 were built in 2010 or later. There are only 8 residential listings right now, so if you want a house here, a saved search is the way to see new ones the day they list.

Cherrywood is in a seller's market, with about 2.2 months of supply as of September 2026. 33% of homes that sold had cut their price, and the typical home closed at 95.0% of its original list price. With only 8 residential listings and a 20-day median, well-priced homes go fast, and buyers who are pre-approved and ready have the advantage. Negotiating room depends on how the specific home was priced, not on the neighborhood as a whole.

Measured the same way over the same 12 months, Cherrywood had a median sale of $599,900 across 43 sales, compared with $870,000 across 109 sales in Mueller and $705,000 across 59 sales in Hyde Park. Comparing houses only, Cherrywood was $599,900, Mueller $998,750 and Hyde Park $833,000. The gap reflects the housing: Mueller is newer construction, while most Cherrywood houses that sold were built before 1960.

Get pre-approved first, then set up a saved search inside the Cherrywood boundary so new listings reach you the day they list. There are only 8 residential listings right now and the median home goes under contract in 20 days, so there is little time to arrange financing after you find one. About 7 in 10 houses that sold were built before 1960, so budget for foundation, sewer line, electrical and tree inspections.

Launching above the recent sales. Over the last year, 33% of Cherrywood homes that sold had cut their price, and the typical home closed at 95.0% of its original list price. The homes that sold fastest launched in line with comparable sales nearby, of the same type and size. Low inventory tempts sellers to reach, but a third of sold homes still needed a cut. A home that sits and cuts usually ends up below the price a well-set launch would have brought.

Some, but less than in many central neighborhoods. Of the 41 Cherrywood houses that sold over the last 12 months, the 29 built before 1960 had a median of $599,900, and the 9 built in 2010 or later had a median of $700,000. With only 9 newer sales, one or two homes can move that number. Size, lot and condition explain much of the spread, so price from sales of similar homes nearby.

The median Cherrywood home took 20 days to go under contract over the last 12 months, counted on cumulative days on market so relisted homes are not reset. That is faster than the year before, when the median was 26 days. Add roughly 30 to 45 days from contract to closing. A home priced in line with recent sales on launch day usually goes under contract in a few weeks; one that needs a price cut usually takes much longer.

All 43 Cherrywood sales over the last year were in the 78722 ZIP code. That small ZIP code is mostly Cherrywood and its neighbors, but ZIP-level statistics still blend different streets and housing. The figures on this page are calculated only from sales inside the Cherrywood and French Place boundary used by the MLS: a median of $599,900 across 43 sales.

Request a home value from us and we will price it against the Cherrywood sales that actually match it: same home type, similar size, age and condition, and nearby streets, from the last 12 months of ACTRIS MLS closings. For context, the neighborhood median was $599,900 across 43 sales, and the typical home closed at 95.0% of its original list price. An online estimate cannot see the age, condition or remodel history of an older house, which drive most of the spread here.