$4,144 Closing Credit*
$349,000
972 SqFt
2 Beds
•1 Full Bath
#73310408, Robert Ceppi, Listing Office: Park Place Realty Enterprises
Is Cherry Valley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, MA
How much do homes in Cherry Valley, MA cost?
Median Sold Price
$395,500
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,500(+13.0%)
Key Takeaway
Homes in Cherry Valley have sold for 13% more than they did a year ago.
Summary: The median home sold price in Cherry Valley was $395,500 in November 2024, up 13% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.8K | $380K | +16.6% |
| 3 Bedrooms | $310K | $385K | +24.2% |
| 4 Bedrooms | $429K | $435K | +1.4% |
| 5+ Bedrooms | - | $761K | N/A |
Summary: Cherry Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes did not change.
Housing Supply in Cherry Valley, MA
How many homes are available in Cherry Valley, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The Cherry Valley real estate market had 5 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cherry Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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 2 homes were sold or pending in Cherry Valley in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cherry Valley, MA
How long does it take to sell a home in Cherry Valley, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 74 Days | +1762.5% |
Summary: Homes in Cherry Valley had an average of 74 days on market in Nov 2024, up by 1762.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 2 homes were sold in Cherry Valley; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.