From January to March, 38 homes sold in Cherry Valley for a median price of $131,675. That's 8 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 2 homes in Cherry Valley were in foreclosure.
Median property tax for homeowners in Cherry Valley was $4,752.13 in 2016 according to tax data from that year. That means homeowners pay 4.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Cherry Valley real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
18
$132,503
-
2010
20
$169,559
28%
2011
18
$109,045
-35.7%
2012
22
$126,713
16.2%
2013
33
$102,600
-19%
2014
31
$114,268
11.4%
2015
31
$121,794
6.6%
2016
42
$117,183
-3.8%
2017
33
$121,890
4%
2018
38
$131,675
8%
Median property tax
Median sale price
Effective property tax rate
2009
$3,555.51
$132,503
2.7%
2010
$4,547.43
$169,559
2.7%
2011
$3,796.22
$109,045
3.5%
2012
$3,874.50
$126,713
3.1%
2013
$3,821.68
$102,600
3.7%
2014
$4,430.54
$114,268
3.9%
2015
$5,201.44
$121,794
4.3%
2016
$4,752.13
$117,183
4.1%
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