Brokers — List your Company Here
Featured local agent — Cherry Valley, IL
Sarah Mitchell
Compass Real Estate · Cherry Valley, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Cherry Valley, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$280,000median sale price
How is the Cherry Valley, IL housing market right now?
The median home sale price in Cherry Valley, IL is $280,000, up 40.0% year-over-year. Homes sell in an average of 8 days with 2 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherry Valley a buyer's or seller's market?
Cherry Valley, IL is currently a strong seller's market, based on 0.3 months of supply and homes selling in about 8 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
8
Fast-moving
Active listings
2
0.3 months supply
Sale-to-list
101.2%
Above asking
What does the Cherry Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $280,000 |
| Median list price | $312,000 |
| Year-over-year price change | +40.0% |
| Average days on market | 8 days |
| Active inventory | 2 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 4 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cherry Valley by property type?
How the Cherry Valley, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $300,000 | $149/sq ft | 3 | 8 days |
| Condo / Co-op | $251,500 | $180/sq ft | 2 | 7 days |
| Townhouse | $190,000 | $138/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Cherry Valley housing market is currently classified as a strong seller's market with a median sale price of $280,000. Prices have risen 40.0% compared to last year, with homes spending an average of 8 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Cherry Valley
There are currently 2 homes listed for sale in Cherry Valley, Illinois. The median listing price is $312K.
Active listings
2
Homes on market
Median list price
$312K
Avg. days on market
8
Days until sale
New this week
4
Newly listed
Who lives in Cherry Valley?
Population
3,268
Median income
$74,766/yr
Median age
45.2 years
Owner-occupied
81.6%
College grads
30.7%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Cherry Valley?
Zillow home value
$304,323
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Cherry Valley?
Cherry Valley is a community of approximately 3K residents with a median age of 45.2 years.The median household income is $74,766, which represents a working-class community with solid middle-income opportunities. 30.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 81.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cherry Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cherry Valley, IL?
Want a head-to-head view? Compare Cherry Valley side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cherry Valley?
The median home sale price in Cherry Valley is $280,000, up 40.0% from last year.
How long do homes stay on market in Cherry Valley?
Homes typically spend 8 days on market before going under contract.
What is the median income in Cherry Valley?
The median household income is $74,766 per year.
Is Cherry Valley a buyer's or seller's market?
With 0.3 months of supply, Cherry Valley is currently a strong seller's market.
What is the Zillow home value estimate for Cherry Valley?
The Zillow Home Value Index (ZHVI) for Cherry Valley is $304,323, representing the typical home value in the area.
What is the median condo price in Cherry Valley?
The median condo/co-op sale price in Cherry Valley, IL is $251,500, compared to $300,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cherry Valley?
The median single-family home price in Cherry Valley, IL is $300,000 (about $149 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Cherry Valley, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Cherry Valley market alerts
Weekly updates on prices, inventory, and trends. Free forever.