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CHERRY VALLEY, IL 61016

Real Estate Market Report  ·  Winnebago County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
10
vs 10 last year
Pending
6
60% pending ratio
Median Price
$325,000
⇩ 13.9% vs $377,400 last year
Average Price
$297,950
⇩ 21.1% vs $377,400 last year
Days on Market
72
⇧ 1.4% vs 71 days last year

Market Context

Population: 5,185  ·  Density: 70.8/mi²  ·  Median household income: $97,500

Typical home value: $218,562  ·  Homeownership: 88.0%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The CHERRY VALLEY, IL real estate market (61016) currently shows 10 active listings, with 6 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 72 days on market compared to 71 days last year.

The median listing price has fallen 13.9% year-over-year, from $377,400 to $325,000.

Whether you are buying or selling in CHERRY VALLEY, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 72 now vs 71 last year

Median & Average Pricing

Year over Year
  • Median: $325,000 (-13.9% YoY)
  • Average: $297,950 (-21.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.5 miles — 247 listings ($90,978,291 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61016Cherry Valley, IL 610160.0 mi10$2,979,500$325,000$297,950
61109Rockford, IL 611095.5 mi38$7,738,092$195,000$203,634
61052Monroe Center, IL 610526.5 mi3$1,467,000$489,000$489,000
60146Kirkland, IL 601467.5 mi7$2,484,300$319,900$354,900
61114Rockford, IL 611148.0 mi27$8,142,876$254,900$301,588
61111Loves Park, IL 6111110.0 mi57$14,741,967$220,000$258,631
60145Kingston, IL 6014511.3 mi1$424,000$424,000$424,000
61043Holcomb, IL 6104312.1 mi1$229,900$229,900$229,900
61103Rockford, IL 6110312.3 mi46$12,330,760$214,900$268,060
61084Stillman Valley, IL 6108413.5 mi10$4,402,170$412,450$440,217
60111Clare, IL 6011114.4 mi4$21,850,000$3,075,000$5,462,500
61065Poplar Grove, IL 6106515.8 mi28$9,461,256$300,000$337,902
61088Winnebago, IL 6108816.5 mi15$4,726,470$287,000$315,098

Frequently Asked Questions

How many homes are for sale in CHERRY VALLEY, IL 61016?

As of January 2026, there are 10 active listings in CHERRY VALLEY, IL (zip code 61016), compared to 10 the prior year.

What is the median home price in CHERRY VALLEY, IL 61016?

The median listing price in CHERRY VALLEY, IL 61016 is $325,000 as of January 2026, a 13.9% decrease from $377,400 the prior year.

How long do homes stay on the market in CHERRY VALLEY, IL?

Homes in CHERRY VALLEY, IL 61016 spend an average of 72 days on the market before going under contract, compared to 71 days the prior year.

Is it a seller's or buyer's market in CHERRY VALLEY, IL 61016?

Based on current inventory and days-on-market data as of January 2026, CHERRY VALLEY, IL 61016 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 72 days on market compared to 71 days last year.

How much can I save on real estate commission in CHERRY VALLEY, IL?

With SELL123.com's maximum 3% commission, sellers in CHERRY VALLEY, IL 61016 save an estimated $6,500 compared to a typical 5% commission on the median listing price of $325,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.