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Monday, December 23, 2024

Cherry Valley (Winnebago County) home prices rise in May 2017

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The median sale price of a home sold in May 2017 in Cherry Valley in Winnebago County rose by $14,120 while total sales increased by 180%, according to BlockShopper.com.

In May 2017, there were 28 homes sold, with a median sale price of $134,450 - a 11.7% increase over the $120,330 median sale price for the same period of the previous year. There were 10 homes sold in Cherry Valley in May 2016.

The median sales tax in Cherry Valley for 2017 was $3,960. In 2016, the median sales tax was $3,919. This marks an increase of 1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Cherry Valley to other Winnebago County cities with similar median sales prices in May 2017:

CityMay 2017 Home SalesMay 2016 Home Sales% change (Total Home Sales)May 2017 Median Sales PriceMay 2016 Median Sales Price% change (Median Sales Price)
New Millford110%$164,000$110,00049.1%
Winnebago57-28.6%$140,000$179,900-22.2%
Rockton171513.3%$138,000$140,000-1.4%
Lake Summerset35-40%$135,000$156,000-13.5%
Pecatonica59-44.4%$134,900$113,00019.4%
Cherry Valley2810180%$134,450$120,33011.7%
Loves Park373119.4%$118,000$87,47234.9%
South Beloit8714.3%$114,000$121,500-6.2%
Durand4333.3%$112,500$156,000-27.9%
Machesney Park453240.6%$95,000$107,450-11.6%
Rockford2772529.9%$61,000$77,000-20.8%
* This story only considers sales data for the part of Cherry Valley that is in Winnebago County.

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