In November 2019, there were four homes sold, with a median sale price of $285,000 - a 14.2% increase over the $249,500 median sale price for the same period of the previous year. There were four homes sold in Cherry Valley in November 2018, as well.
The median sales tax in Cherry Valley for 2019 was $2,859. In 2018, the median sales tax was $2,749. This marks an increase of 4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Cherry Valley to other Riverside County cities with similar median sale prices in November 2019:
| City | Nov. 2019 Home Sales | Nov. 2018 Home Sales | % change (Total Home Sales) | Nov. 2019 Median Sales Price | Nov. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Idyllwild-Pine Cove | 21 | 10 | 110% | $307,000 | $424,000 | -27.6% |
| Nuevo | 5 | 7 | -28.6% | $305,000 | $359,000 | -15% |
| San Jacinto | 51 | 64 | -20.3% | $303,500 | $291,750 | 4% |
| Lakeland Village | 8 | 7 | 14.3% | $301,500 | $329,000 | -8.4% |
| Anza | 5 | 1 | 400% | $299,500 | $295,000 | 1.5% |
| Cherry Valley | 4 | 4 | 0% | $285,000 | $249,500 | 14.2% |
| Coachella | 17 | 9 | 88.9% | $283,000 | $247,000 | 14.6% |
| Hemet | 145 | 134 | 8.2% | $278,000 | $265,000 | 4.9% |
| Banning | 27 | 32 | -15.6% | $269,000 | $240,000 | 12.1% |
| Desert Hot Springs | 64 | 52 | 23.1% | $229,500 | $210,000 | 9.3% |
| Cabazon | 3 | 5 | -40% | $197,000 | $150,000 | 31.3% |
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