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Thorne Ledge

CHERRY VALLEY, IL 61016

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 61016

Thorne Ledge

Market Analysis

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

The CHERRY VALLEY, IL real estate market (61016) currently shows 14 active listings, with 8 pending sales. Homes are averaging 18 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 18 days on market compared to 85 days last year.

The median listing price has fallen 15% year-over-year, from $374,900 to $318,725.

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 Context

Market Context

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

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

Market Overview

Active Listings
14
⇧ 27.3% vs 11 last year
Pending
8
57% pending ratio
Median Price
$318,725
⇩ 15% vs $374,900 last year
Average Price
$315,104
⇩ 11.8% vs $357,433 last year
Days on Market
18
⇩ 78.8% vs 85 days last year

Price Per Square Foot

Median $/sqft
$200
⇩ 12.7% vs $229/sqft last year
Median Home Size
1,828 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 11 last year
  • Days on market: 18 now vs 85 last year

Median & Average Pricing

Year over Year
  • Median: $318,725 (-15% YoY)
  • Average: $315,104 (-11.8% 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
Price Per Sqft
Price Reduced %

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 February 2026, there are 14 active listings in CHERRY VALLEY, IL (zip code 61016), compared to 11 the prior year.

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

The median listing price in CHERRY VALLEY, IL 61016 is $318,725 as of February 2026, a 15% decrease from $374,900 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 18 days on the market before going under contract, compared to 85 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 February 2026, CHERRY VALLEY, IL 61016 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 18 days on market compared to 85 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 $6,375 compared to a typical 5% commission on the median listing price of $318,725. 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.