From January through March of 2019, there were 11 homes sold, with a median sale price of $262,000 - a 11.6% decrease over the $296,500 median sale price for the same period of the previous year. There were 16 homes sold in Cherry Valley in the first quarter of 2018.
The median sales tax in Cherry Valley for the most recent year with available data, 2016, was $2,537, approximately 1% of the median home sale price for the first quarter of 2019.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indio | 237 | 306 | -22.5% | $310,000 | $295,000 | 5.1% |
| San Jacinto | 158 | 153 | 3.3% | $287,750 | $265,000 | 8.6% |
| Colton | 4 | 3 | 33.3% | $280,000 | $442,000 | -36.7% |
| Sun City | 2 | 3 | -33.3% | $270,000 | $390,000 | -30.8% |
| Lakeland Village | 19 | 21 | -9.5% | $270,000 | $270,000 | 0% |
| Cherry Valley | 11 | 16 | -31.3% | $262,000 | $296,500 | -11.6% |
| Thousand Palms | 10 | 20 | -50% | $257,500 | $217,500 | 18.4% |
| Hemet | 393 | 408 | -3.7% | $255,000 | $255,000 | 0% |
| Coachella | 52 | 58 | -10.3% | $254,000 | $238,500 | 6.5% |
| Banning | 79 | 84 | -6% | $248,000 | $225,000 | 10.2% |
| White Water | 7 | 7 | 0% | $245,000 | $200,000 | 22.5% |
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