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Featured local agent — Cherry Valley, NY
Sarah Mitchell
Compass Real Estate · Cherry Valley, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherry Valley, NY Housing Market
The last median sale price Redfin published was $275,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 333 days, Cherry Valley is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $275,000 home is about $1,414/mo in principal and interest.
Key numbers for Cherry Valley, NY
Median sale price
$275,000
Last published period
Redfin, through May 2026
Days on market
333
Slow-moving
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$85,833
Home costs 3.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
110.0%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cherry Valley a buyer's or seller's market?
Cherry Valley, NY is a balanced market, based on 4.0 months of supply and homes selling in about 333 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cherry Valley housing market data show?
Every row below is Redfin's final published month for Cherry Valley, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $164,950 |
| Median price per sq ft | $81/sq ft |
| Median days on market | 333 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 110.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cherry Valley is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cherry Valley is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cherry Valley home prices moved?
Across the 23 months we hold for Cherry Valley, NY, the median sale price rose 77.4%, from $155,000 in April 2021 to $275,000. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 110.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cherry Valley?
Priced off the median sale price of $275,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $55,000 | $220,000 | $1,414/mo |
| 5% | $13,750 | $261,250 | $1,679/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,414, that implies roughly $60,591 a year before you add taxes and insurance. The median household in Cherry Valley earns $85,833, about $25,242 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cherry Valley in the next 12 months?
Tell us your timeline. We send the Cherry Valley market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cherry Valley?
Zillow does not publish a rent index (ZORI) for Cherry Valley, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cherry Valley?
Active listings in Cherry Valley, NY went from 4 in June 2023 to 4 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| July 2023 | 4 | 1 |
| August 2023 | 5 | 2 |
| October 2023 | 4 | 1 |
| January 2024 | 5 | 3 |
| April 2024 | 2 | not published |
| June 2024 | 2 | 1 |
| August 2024 | 1 | not published |
| January 2025 | 2 | 1 |
| February 2025 | 2 | not published |
| June 2025 | 4 | 3 |
| October 2025 | 3 | not published |
| May 2026 | 4 | 2 |
Redfin, through May 2026
How does Cherry Valley compare to New York and the U.S.?
Cherry Valley homes sell for $275,000 — 56% below the New York median of $620,500. Against the national median of $410,700, Cherry Valley runs 33% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cherry Valley, NY | $275,000 | not published | 333 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cherry Valley
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $265 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $275,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cherry Valley listing goes under contract in 333 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 110.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Cherry Valley added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Cherry Valley varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cherry Valley
There are currently 4 homes listed for sale in Cherry Valley, New York. The median listing price is $165K.
Active listings
4
Homes on market
Median list price
$165K
Avg. days on market
333
Days until sale
New this week
2
Newly listed
How much do homes cost in Cherry Valley by property type?
How the Cherry Valley, NY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $275,000 | $81/sq ft | 1 | 333 days |
| Townhouse | $135,000 | $39/sq ft | 1 | 210 days |
Who lives in Cherry Valley?
American Community Survey estimates for Cherry Valley. U.S. Census ACS, 2023
Population
543
Households
160
Median income
$85,833/yr
Median age
37.3 years
Owner-occupied
88.1%
Median home value
$174,600
Median gross rent
$725/mo
Mean commute
22.1 min
88.1% of occupied homes in Cherry Valley are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Cherry Valley?
1 schools tracked · 451 students
The largest public schools serving Cherry Valley, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CHERRY VALLEY-SPRINGFIELD CENTRAL SCHOOL
Grades PK-12 · 451 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cherry Valley, NY?
Ordered by distance from Cherry Valley, not by size. Compare Cherry Valley side by side with any of them.
Cherry Valley housing market FAQ
Is Cherry Valley a buyer's or seller's market?
Cherry Valley, NY is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 333 days, and sellers getting 110.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cherry Valley?
The median sale price in the last month Redfin published was $275,000, about $81 per square foot.
Is Cherry Valley cheaper than the rest of New York?
Cherry Valley's median sale price of $275,000 is 56% lower than the New York statewide median of $620,500, and 33% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cherry Valley?
Homes in Cherry Valley, NY spent a median of 333 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cherry Valley?
At the current 30-year fixed rate of 6.66%, 20% down on a $275,000 home is about $1,414 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $60,591 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $85,833.
Are home prices rising in Cherry Valley?
We do not hold a complete 12-month value series for Cherry Valley, NY yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Cherry Valley?
Cherry Valley ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cherry Valley?
That depends on your timeline, not on a headline. What the data says today: Cherry Valley, NY is a balanced market with 4.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $275,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.