Cherry Valley, IL—61016
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$272,000
6.2% YoY Growth
Household Income
$92,900
24.1% YoY Growth
Days on Market
33
26.0% Longer YoY
Home Price Forecast
4.5%
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 Dec '25, the median home price in Cherry Valley, IL is $272,000, with a year-over-year change of 6.2%. This indicates that home prices in Cherry Valley, IL are increasing. According to Zillow, the 1-year price projection is 4.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 6.2% |
| Single Family | $278,000 | 6.1% |
| Condos | $199,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |