In August 2021, there were two homes sold, with a median sale price of $414,500 - a 14.4% decrease over the $484,500 median sale price for the same period of the previous year. There were seven homes sold in Cherry Valley in August 2020.
The median sales tax in Cherry Valley for the most recent year with available data, 2019, was $2,859, approximately 0.7% of the median home sale price for August 2021.
The following table compares Cherry Valley to other Riverside County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Indio | 39 | 130 | -70% | $455,000 | $367,000 | 24% |
| Colton | 1 | 1 | 0% | $440,000 | $500,000 | -12% |
| Idyllwild-Pine Cove | 8 | 49 | -83.7% | $435,000 | $395,000 | 10.1% |
| Thousand Palms | 2 | 4 | -50% | $427,500 | $321,000 | 33.2% |
| San Jacinto | 32 | 48 | -33.3% | $415,000 | $327,500 | 26.7% |
| Cherry Valley | 2 | 7 | -71.4% | $414,500 | $484,500 | -14.4% |
| Hemet | 74 | 147 | -49.7% | $390,000 | $300,000 | 30% |
| Lakeview | 1 | 2 | -50% | $365,000 | $431,000 | -15.3% |
| Coachella | 7 | 11 | -36.4% | $350,000 | $285,000 | 22.8% |
| Banning | 6 | 23 | -73.9% | $330,000 | $270,000 | 22.2% |
| Cabazon | 1 | 5 | -80% | $310,000 | $250,000 | 24% |
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