Home Values

Cherry Valley Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$137,900

  • -3.8% 1-year change
  • 4.1% 1-year forecast

The median home value in Cherry Valley is $137,900. Cherry Valley home values have declined -3.8% over the past year and Zillow predicts they will rise 4.1% within the next year. The median price of homes currently listed in Cherry Valley is $146,500 while the median price of homes that sold is $221,923.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Cherry Valley is 3.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Cherry Valley homeowners underwater on their mortgage is 22.8%, which is lower than Rockford Metro at 32.9%.

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Relative ZHVI
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Cherry Valley Market Overview

Data through Dec 31, 2014
  • $137,900 ZHVI
  • 4.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $146,500 Median listing price
  • No recent data Median sale price
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Cherry Valley Market Health

Data through Dec 31, 2014
  • 1.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 22.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Kingston $173,200
Roscoe $147,500
Davis Junction $141,400
Name Median ZHVI
Kirkland $130,600
Poplar Grove $123,600
Belvidere $115,700
Name Median ZHVI
Machesney Park $88,100
Loves Park $85,800
Rockford $75,500

Listings & Sales

Data through Dec 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.0% Listings with price cut
3.8%
Sold below listing
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Cherry Valley Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,245 Cherry Valley
    $1,032 Rockford Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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