In June 2020, there were three homes sold, with a median sale price of $272,000 - a 18.7% decrease over the $334,500 median sale price for the same period of the previous year. There were six homes sold in Cherry Valley in June 2019.
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 June 2020.
The following table compares Cherry Valley to other Riverside County cities with similar median sales prices in June 2020:
| City | June 2020 Home Sales | June 2019 Home Sales | % change (Total Home Sales) | June 2020 Median Sales Price | June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| San Jacinto | 33 | 78 | -57.7% | $315,000 | $298,000 | 5.7% |
| Banning | 12 | 34 | -64.7% | $299,000 | $239,000 | 25.1% |
| Hemet | 96 | 168 | -42.9% | $297,500 | $279,250 | 6.5% |
| Coachella | 13 | 15 | -13.3% | $296,000 | $285,000 | 3.9% |
| Thousand Palms | 5 | 1 | 400% | $281,500 | $345,000 | -18.4% |
| Cherry Valley | 3 | 6 | -50% | $272,000 | $334,500 | -18.7% |
| Desert Hot Springs | 30 | 69 | -56.5% | $233,500 | $230,000 | 1.5% |
| Cabazon | 1 | 4 | -75% | $209,000 | $177,000 | 18.1% |
| Blythe | 10 | 7 | 42.9% | $155,000 | $175,000 | -11.4% |
| Mecca | 1 | 2 | -50% | $95,000 | $55,000 | 72.7% |
| White Water | 3 | 0 | - | $75,000 | $0 | - |
Alerts Sign-up