Is Cherry Valley, IL 61016 a buyer’s or seller’s market?
Cherry Valley is a seller’s market. With about 1.2 months of supply and 62% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.2Under 4 months = seller’s market
Sold above original list61.5%Share of sales, last 3 months
Median sale-to-list102.8%Sold price ÷ list price
Median days on market27Listing to accepted offer
Median price per sq ft$175▲ +23.3% vs. last year
Run the numbers for 61016
Nearby markets
Durand 61024Seller’s market $161 /sq ftLoves Park 61111Seller’s market $149 /sq ftMachesney Park 61115Seller’s market $151 /sq ftPecatonica 61063Seller’s market $158 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology