Cherry Valley, IL, Real Estate
Cherry Valley, Illinois, is a charming village in Winnebago County, just a few miles southeast of Rockford. With a population of around 3,000, it offers a small-town atmosphere with a mix of historic charm and modern amenities. The village is known for its scenic Baumann Park, a popular spot for outdoor activities like fishing, picnicking, and sports, as well as hosting community events such as the annual Cherry Valley Festival. Its proximity to major highways like I-90 makes it an accessible location for commuters, while local businesses and restaurants along its main corridors provide a cozy, welcoming vibe. Cherry Valley blends Midwestern hospitality with a rich community spirit, making it an appealing place for residents and visitors alike.
Cherry Valley currently has 8 single family homes for sale with an average list price of $416,436.25, 1 condo for sale with a list price of $179,900, and 3 lots for sale with an average list price of $67,433.33. The average annual property tax for Cherry Valley is $4,854.45.
Browse Cherry Valley
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Cherry Valley, i.e. what's hot and what's not.
See What's Hot & What's Not in Cherry Valley
Market Trends
Cherry Valley home sales for the month of September rose in volume by 50% when compared to last year, while the median sale price rose by 44.8% from $235,145 to $340,600. House sales rose by 200%, while the median sale price rose by 17.3% from $290,290 to $340,600.
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63
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47
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30
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20
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$190,000
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$225,000
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$306,500
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$278,250
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Cherry Valley
Number of Sales for Cherry Valley
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