In February 2019, there were three homes sold, with a median sale price of $288,000 - a 7.9% increase over the $267,000 median sale price for the same period of the previous year. There were three homes sold in Cherry Valley in February 2018, as well.
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 February 2019.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in February 2019:
| City | Feb. 2019 Home Sales | Feb. 2018 Home Sales | % change (Total Home Sales) | Feb. 2019 Median Sales Price | Feb. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palm Desert | 145 | 158 | -8.2% | $324,000 | $332,000 | -2.4% |
| Perris | 56 | 46 | 21.7% | $310,000 | $301,500 | 2.8% |
| Cathedral City | 50 | 53 | -5.7% | $302,500 | $289,000 | 4.7% |
| Indio | 49 | 82 | -40.2% | $301,000 | $272,500 | 10.5% |
| Idyllwild-Pine Cove | 10 | 11 | -9.1% | $295,750 | $270,000 | 9.5% |
| Cherry Valley | 3 | 3 | 0% | $288,000 | $267,000 | 7.9% |
| San Jacinto | 42 | 35 | 20% | $286,750 | $255,000 | 12.5% |
| Homeland | 1 | 0 | - | $280,000 | $0 | - |
| Lakeland Village | 6 | 9 | -33.3% | $274,500 | $295,000 | -6.9% |
| Sun City | 2 | 0 | - | $270,000 | $0 | - |
| Coachella | 13 | 16 | -18.8% | $263,000 | $230,500 | 14.1% |
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