From April through June of 2021, there were 21 homes sold, with a median sale price of $494,773 - a 20.7% increase over the $410,000 median sale price for the same period of the previous year. There were three homes sold in Cherry Valley in the second quarter of 2020.
The median sales tax in Cherry Valley for the most recent year with available data, 2019, was $2,859, approximately 0.6% of the median home sale price for the second quarter of 2021.
The following table compares Cherry Valley to other Riverside County cities with similar median sale prices in the second quarter of 2021:
| City | Apr. - June 2021 Home Sales | Apr. - June 2020 Home Sales | % change (Total Home Sales) | Apr. - June 2021 Median Sales Price | Apr. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wildomar | 136 | 40 | 240% | $545,000 | $411,250 | 32.5% |
| Riverside | 870 | 262 | 232.1% | $525,000 | $429,500 | 22.2% |
| Bermuda Dunes | 49 | 10 | 390% | $525,000 | $447,000 | 17.4% |
| Nuevo | 13 | 3 | 333.3% | $505,000 | $318,000 | 58.8% |
| Lake Elsinore | 223 | 81 | 175.3% | $500,000 | $398,000 | 25.6% |
| Cherry Valley | 21 | 3 | 600% | $494,773 | $410,000 | 20.7% |
| Calimesa | 19 | 11 | 72.7% | $490,000 | $430,000 | 14% |
| Rubidoux | 39 | 20 | 95% | $480,000 | $362,500 | 32.4% |
| Mountain Center | 11 | 5 | 120% | $478,000 | $450,000 | 6.2% |
| Romoland | 7 | 7 | 0% | $471,000 | $427,000 | 10.3% |
| Sun City | 3 | 1 | 200% | $460,000 | $575,000 | -20% |
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