From January through December of 2018, there were 73 homes sold, with a median sale price of $294,000 - a 5% increase over the $280,000 median sale price for the previous year. There were 79 homes sold in Cherry Valley in 2017.
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 2018.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Moreno Valley | 2,139 | 2,496 | -14.3% | $325,000 | $300,000 | 8.3% |
| Perris | 925 | 995 | -7% | $315,000 | $290,000 | 8.6% |
| Indio | 1,299 | 1,342 | -3.2% | $313,000 | $283,000 | 10.6% |
| Idyllwild-Pine Cove | 185 | 217 | -14.7% | $310,000 | $289,000 | 7.3% |
| Cathedral City | 726 | 752 | -3.5% | $302,750 | $275,750 | 9.8% |
| Cherry Valley | 73 | 79 | -7.6% | $294,000 | $280,000 | 5% |
| Lakeland Village | 82 | 98 | -16.3% | $290,000 | $245,000 | 18.4% |
| San Jacinto | 759 | 834 | -9% | $280,000 | $252,000 | 11.1% |
| Hemet | 1,858 | 2,184 | -14.9% | $265,000 | $247,500 | 7.1% |
| Coachella | 219 | 213 | 2.8% | $247,000 | $232,000 | 6.5% |
| Banning | 389 | 384 | 1.3% | $240,000 | $220,000 | 9.1% |
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