$399,000
35.00 Acres
Land
BENJAMIN HARTNELL, Listing Office: YUCAIPA VALLEY REAL ESTATE
Is Cherry Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cherry Valley has remained a Seller's Market.
Key Takeaway
Cherry Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherry Valley, CA
How much do homes in Cherry Valley, CA cost?
Median Sold Price
$443,500
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,581(-5.5%)
Key Takeaway
Homes in Cherry Valley have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Cherry Valley was $443,500 in October 2024, down 5.5% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $349K | $348.5K | -0.1% |
| 3 Bedrooms | $483.2K | $471K | -2.5% |
| 4 Bedrooms | $683K | $699.9K | +2.5% |
| 5+ Bedrooms | $780K | $758K | -2.8% |
Summary: Cherry Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sundance | $500K | $530K | +6.0% |
| Cherry Valley | $469K | $443.5K | -5.5% |
Housing Supply in Cherry Valley, CA
How many homes are available in Cherry Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Cherry Valley real estate market had 22 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Cherry Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cherry Valley in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cherry Valley, CA
How long does it take to sell a home in Cherry Valley, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 40 Days | -29.8% |
Summary: Homes in Cherry Valley had an average of 40 days on market in Oct 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cherry Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Cherry Valley; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.