$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 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, MA
How much do homes in Cherry Valley, MA cost?
Median Sold Price
$391,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+10.1%)
Key Takeaway
Homes in Cherry Valley have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Cherry Valley was $391,000 in October 2024, up 10.1% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325.8K | $380K | +16.6% |
| 3 Bedrooms | $346K | $377K | +9.0% |
| 4 Bedrooms | $429K | $442.5K | +3.1% |
| 5+ Bedrooms | - | $761K | N/A |
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 increased by 16.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Summary: The Cherry Valley real estate market had 5 homes for sale in October 2024, a 150.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were 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 could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Cherry Valley in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 33 Days | +6.5% |
Summary: Homes in Cherry Valley had an average of 33 days on market in Oct 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cherry Valley has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Cherry Valley; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
