52 homes sold in Cherry Valley Township in the last year, at a typical $286K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cherry Valley Township homes are listed.
Every place Cherry Valley Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cherry Valley Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Cherry Valley Township’s sales are condos, at $48K less than a house
37 houses and 15 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 37 sold in the year to May 2026
- Per square foot
- $144IL $180
- Days to sell
- 22
- Sold over asking
- 59%
- Listings with a price cut
- 39%
typical sale · 15 sold in the year to May 2026
- Per square foot
- $167IL $251
- Days to sell
- 31
- Sold over asking
- 40%
- Listings with a price cut
- 33%
Multi-family (2–4 units): 2 sold, typical $286K
Townhouses: 1 sold, typical $190K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
52 sales in the last year, against 83 in 2021 and a low of 15 in 2013. The typical sale went from $139K in 2016 to $286K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $300K buys in Cherry Valley Township
Check a listing against what Cherry Valley Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cherry Valley Township are more common than before the pandemic, but 60% fewer homes come up for sale
We read every month of Cherry Valley Township’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 52 sales.
If you’re buying in Cherry Valley Township
- Shop in June. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (35% over asking).
- Bid near asking. Buyers paid 99.7% of the list price on average; 53% paid over.
- Move fast on good ones. Two thirds of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 8 a month), but July is the most competitive: 38% of July sales close over asking. January has the least competition (9%) but only about 3 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than Illinois
| Cherry Valley Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 53% | 12% | 30% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 64% | 8% | 20% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 99.7% | 97% | 99% | 99% |
| Days to sellMedian days from listing to contract | 20 | 67 | 37 | 51 |
5 homes for sale on a typical day
That’s 1.9 times the 2024 low (2), 60% fewer than in 2017–19 and well under 2015’s 20.
Since 2019, houses are up 82%, condos 108%
A house typically sold for $292K in the year to May 2026 (37 sales), a condo for $245K (15).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city figures, January 2013 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cherry Valley Township home costs about $2,068 a month
Price: Cherry Valley Township’s typical sale, last 12 months. Property tax at Cherry Valley Township’s 2.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cherry Valley Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $286K home, about $6,900 a year.
Taxes vs. neighborsSchools
The schools grade for Cherry Valley Township, from test results, graduation and how much students grow.
Schools in Cherry Valley TownshipTypical commute
The average one-way trip to work for people who live in Cherry Valley Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Rockford, Belvidere and Loves Park sell for less a square foot
The busier markets within 25 miles of Cherry Valley Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Rockford | 1,781 | $175K | $114 | 45% | 14 |
| Loves Park | 356 | $199K | $138 | 46% | 11 |
| Machesney Park | 273 | $232K | $147 | 50% | 12 |
| Belvidere | 267 | $244K | $144 | 45% | 19 |
| Cherry Valley Township | 52 | $286K | $149 | 53% | 20 |
| Davis Junction | 29 | $274K | $161 | 35% | 79 |
| Kirkland | 21 | $254K | $152 | 39% | 40 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cherry Valley Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cherry Valley Township. People who follow the town see it, and so do people comparing Cherry Valley Township with their own town. No commission, no listing fee.
Questions about buying a home in Cherry Valley Township
What do homes sell for in Cherry Valley Township, IL?
52 homes sold in the year to September 2026 at a typical $286K, $149 a square foot. Houses sold for about $292K, condos for about $245K in the year to May 2026.
Is Cherry Valley Township a buyer’s or seller’s market?
A seller’s market: 4 homes were for sale in September 2026 and 6 sold, about 0.6 months of supply. Buyers paid 99.7% of asking on average.
When is the best time to buy in Cherry Valley Township?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cherry Valley Township?
About 2.4% of a home’s value a year. On a $286K home that’s near $6,900.
Where can I see homes for sale in Cherry Valley Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Cherry Valley Township’s MLS listings; the search links above open each one filtered to Cherry Valley Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).