From January through June of 2019, there were 32 homes sold, with a median sale price of $293,250 - a 2.7% decrease over the $301,250 median sale price for the same period of the previous year. There were 44 homes sold in Cherry Valley in the first half of 2018.
The median sales tax in Cherry Valley for the most recent year with available data, 2016, was $2,537, approximately 0.9% of the median home sale price for the first half of 2019.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in the first half of 2019:
| City | Jan. - June 2019 Home Sales | Jan. - June 2018 Home Sales | % change (Total Home Sales) | Jan. - June 2019 Median Sales Price | Jan. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Perris | 408 | 444 | -8.1% | $325,000 | $305,000 | 6.6% |
| Cathedral City | 353 | 392 | -9.9% | $319,000 | $298,000 | 7% |
| Idyllwild-Pine Cove | 68 | 99 | -31.3% | $317,500 | $310,000 | 2.4% |
| Indio | 595 | 695 | -14.4% | $310,000 | $308,000 | 0.6% |
| Homeland | 8 | 10 | -20% | $301,000 | $327,500 | -8.1% |
| Cherry Valley | 32 | 44 | -27.3% | $293,250 | $301,250 | -2.7% |
| San Jacinto | 386 | 370 | 4.3% | $292,000 | $275,000 | 6.2% |
| Lakeland Village | 41 | 44 | -6.8% | $280,000 | $280,000 | 0% |
| Anza | 27 | 16 | 68.8% | $279,000 | $230,250 | 21.2% |
| Sun City | 3 | 5 | -40% | $270,000 | $390,000 | -30.8% |
| Hemet | 918 | 959 | -4.3% | $265,000 | $260,000 | 1.9% |
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