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ZIP 61016 in Cherry Valley, IL: housing market trends

The median home sale price in ZIP 61016 in Cherry Valley, IL was $321,156 for the three-month period ending September 2026. Sale prices were 17.8% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$321,156
three-month period ending September 2026
Median sale price per sq ft
$171.56
three-month period ending September 2026
Active listings
25
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 25 active listings for the three-month period ending September 2026. Active listings were 10.7% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 5 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 61016 in Cherry Valley, IL
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$321,156$171.5622
Single-familySeptember 2026$335,415$171.5618
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$227,493$163.934 · small sample
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 61016 in Cherry Valley, IL
MarketMedian sale priceReporting period / source
Cherry Valley, IL$308,8533 months ending September 2026 · Redfin
Belvidere, IL$239,8863 months ending September 2026 · Redfin
Monroe Center, IL$224,8933 months ending September 2026 · Redfin
Rockford, IL$190,500Month ending July 2026 · Zillow
Kirkland, IL$339,8383 months ending September 2026 · Redfin
Davis Junction, IL$254,8793 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 61016 in Cherry Valley, IL
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$321,156$171.5625
August 2026$307,000$175.0029
July 2026$303,000$177.0325
June 2026$303,000$145.6318
May 2026$311,000$142.5724
April 2026$303,000$142.1621
March 2026$290,000$150.4224
February 2026$271,000$150.4624
January 2026$290,000$161.0719
December 2025$283,500$154.0825
November 2025$292,000$143.1829
October 2025$314,667$152.0228
September 2025$272,667$138.4828
August 2025$262,334$141.8735
July 2025$278,500$139.0031
June 2025$324,667$136.9929
May 2025$324,667$136.9927
April 2025$295,500$135.4925
March 2025$250,000$153.1126
February 2025$250,000$136.0022
January 2025$285,000$149.1620
December 2024$266,750$142.2222
November 2024$286,750$139.8223
October 2024$264,000$136.3021

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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