In October 2020, there were 12 homes sold, with a median sale price of $302,000 - a 29.9% increase over the $232,500 median sale price for the same period of the previous year. There were six homes sold in Cherry Valley in October 2019.
The median sales tax in Cherry Valley for the most recent year with available data, 2019, was $2,859, approximately 0.9% of the median home sale price for October 2020.
The following table compares Cherry Valley to other Riverside County cities with similar median sale prices in October 2020:
| City | Oct. 2020 Home Sales | Oct. 2019 Home Sales | % change (Total Home Sales) | Oct. 2020 Median Sales Price | Oct. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Cathedral City | 67 | 51 | 31.4% | $375,000 | $339,000 | 10.6% |
| Indio | 134 | 102 | 31.4% | $350,750 | $318,500 | 10.1% |
| Lakeland Village | 11 | 7 | 57.1% | $332,000 | $300,000 | 10.7% |
| San Jacinto | 78 | 63 | 23.8% | $330,000 | $295,000 | 11.9% |
| Hemet | 182 | 177 | 2.8% | $315,000 | $289,000 | 9% |
| Cherry Valley | 12 | 6 | 100% | $302,000 | $232,500 | 29.9% |
| Cabazon | 2 | 2 | 0% | $270,000 | $235,000 | 14.9% |
| Coachella | 15 | 19 | -21.1% | $270,000 | $255,000 | 5.9% |
| Desert Hot Springs | 59 | 63 | -6.3% | $270,000 | $225,000 | 20% |
| White Water | 1 | 0 | - | $260,000 | $0 | - |
| Banning | 30 | 48 | -37.5% | $257,750 | $247,500 | 4.1% |
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