Is Cherry Valley, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Valley is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Cherry Valley has remained a Seller's Market.

Key Takeaway

Cherry Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cherry Valley, MA cost?

Median Sold Price

$347,500

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$45,500(+15.1%)

Key Takeaway

Homes in Cherry Valley have sold for 15.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $250K$281.4K
+12.6%
3 $298.5K$367K
+22.9%
4 $434K$320K
-26.3%
5+ $470K$475K
+1.1%

Median Sold Price Compared To Nearby Cities

Cherry Valley
+15.1%
Leicester
+15.0%
Worcester
+10.4%
Auburn
+6.7%

How many homes are available in Cherry Valley, MA?

Number of Homes For Sale

Aug 2022Sep 2022%
149-35.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 11
0.0%
3 74
-42.9%
4 43
-25.0%
5+ 21
-50.0%

Number of Homes Sold

Aug 2022Sep 2022%
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Valley, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
43 Days36 Days-16.9%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cherry Valley are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cherry Valley, MA

Number of homes for sale in Cherry Valley, MA real estate market have reached 9. In September 2022 in Cherry Valley, MA there were 35.7% less homes for sale than in August 2022. In September 2022 median list price was $347,500 and the average listing age was 36 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 12.6% more expensive, prices of 3 bedrooms properties increased by 22.9%, prices of 4 bedrooms properties decreased by 26.3%, prices of 5 bedrooms properties increased by 1.1%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 42.9%, the quantity of 4 bedrooms homes went down by 25%, volume of 5 bedrooms homes went down by 50%. In September 2022, from all listings sold in Cherry Valley, MA there were more than 2 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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