Cherry Valley, IL—61016
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$290,000
8.7% YoY Growth
Household Income
$92,900
24.1% YoY Growth
Days on Market
18
37.0% Shorter YoY
Home Price Forecast
3.5%
Median Rent
$1,120
4.5% YoY Growth
1-Bed Rent
$1,200
N/A
2-Bed Rent
$1,120
0.9% YoY Growth
3-Bed Rent
N/A
N/A
Home Price Trends — Cherry Valley, IL
As of May '26, the median home price in Cherry Valley, IL is $290,000, with a year-over-year change of 8.7%. This indicates that home prices in Cherry Valley, IL are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 8.7% |
| Single Family | $298,000 | 8.8% |
| Condos | $208,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |