Cherry Valley, IL
Housing market overview · Updated weekly
$197,000median sale price
Homes sold
3
Last 12 weeks
Days on market
60
Average pace
Active listings
7
2.3 months supply
Sale-to-list
96.3%
Below asking
The Cherry Valley housing market is currently classified as a balanced market with a median sale price of $197,000. Prices have fallen 17.9% compared to last year, with homes spending an average of 60 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Cherry Valley
There are currently 7 homes listed for sale in Cherry Valley, Illinois. The median listing price is $300K.
Active listings
7
Homes on market
Median list price
$300K
Avg. days on market
60
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Cherry Valley?
The median home sale price in Cherry Valley is $197,000, down 17.9% from last year.
How long do homes stay on market in Cherry Valley?
Homes typically spend 60 days on market before going under contract.
Is Cherry Valley a buyer's or seller's market?
With 2.3 months of supply, Cherry Valley is currently a balanced market.
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