In July 2019, there were six homes sold, with a median sale price of $272,500 - a 26.8% decrease over the $372,500 median sale price for the same period of the previous year. There were three homes sold in Cherry Valley in July 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 July 2019.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hemet | 177 | 152 | 16.4% | $285,000 | $271,000 | 5.2% |
| Banning | 36 | 34 | 5.9% | $285,000 | $252,500 | 12.9% |
| Lakeland Village | 8 | 5 | 60% | $283,500 | $255,000 | 11.2% |
| Thousand Palms | 6 | 6 | 0% | $275,500 | $215,000 | 28.1% |
| Idyllwild-Pine Cove | 9 | 10 | -10% | $275,000 | $271,250 | 1.4% |
| Cherry Valley | 6 | 3 | 100% | $272,500 | $372,500 | -26.8% |
| Mountain Center | 7 | 5 | 40% | $265,000 | $600,000 | -55.8% |
| Coachella | 14 | 20 | -30% | $257,500 | $269,522.50 | -4.5% |
| Desert Hot Springs | 50 | 71 | -29.6% | $239,000 | $200,000 | 19.5% |
| Anza | 3 | 2 | 50% | $225,000 | $177,500 | 26.8% |
| Mecca | 2 | 3 | -33.3% | $175,000 | $135,000 | 29.6% |
Alerts Sign-up