There are currently 1,940 real estate properties in Cherry Valley, IL, with a median automated valuation model (AVM) price of $243,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cherry Valley, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cherry Valley, IL, is $250,104.00, with the most expensive house in Cherry Valley, IL, topping out at $2,399,800.00 and the cheapest home in Cherry Valley, IL, clocking in at $24,934.00. In other words, there’s something for every potential homebuyer or savvy investor in Cherry Valley, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cherry Valley, IL, is on a rollercoaster ride. The average rent price in Cherry Valley, IL, is $1,380.00. Indeed, when looking to rent in Cherry Valley, IL, you can expect to pay as little as $580.00 or as much as $2,420.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Cherry Valley, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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