Cherry Valley, IL Home Values & Market Trends
Real estate market trends reflect that there have been 82 transactions over the past year in Cherry Valley. The median value for residential home transactions that occurred over the previous year is $248,008.49. The number of current listings in Cherry Valley is 2, and the percentage of properties for sale in the city is 2.00%. Cherry Valley, IL currently has 5 properties in foreclosure, 2 bank owned properties, 3 properties headed for auction, and 2 properties for sale.
Cherry Valley, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61016 | $ 341,002 $ 276/sqft |
Housing Market Summary for Cherry Valley, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $174.9K | $273.5K | 56.37% |
| Median Sold Price | $262K | $273.5K | 4.39% |
| Homes For Sale | 7 | 3 | -57.14% |
| Homes Sold | 36 | 48 | 33.33% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cherry Valley, IL
Browse Homes in Cherry Valley, IL
Cherry Valley home values range from $24,153 to $904,599. The median estimated value of a home in Cherry Valley is $248,008.49. The median list price of a home is 339,950, and the total count of properties in the city is 1,810.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Cherry Valley, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Cherry Valley, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cherry Valley, IL ranges from the highest value of $140,861 in 61016 to the lowest value of $140,400 in 61016. Bank owned homes and properties account for 0.11% of properties in Cherry Valley, IL. There is 1 zips within Cherry Valley, IL; 61016 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61016 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Cherry Valley, IL. Auction homes and other auction properties account for 0.17% of all properties in Cherry Valley, IL. There is 1 zips within Cherry Valley, IL; of that zips, the median estimated home value for homes going to auction ranges from $174,476 in 61016 to the lowest value of $130,659 in 61016.
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