Is Cherry, IL 61317 a buyer’s or seller’s market?
Cherry is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Cherry housing market right now
In the three months ending August 31, 2026, 50% of homes in Cherry, IL 61317 sold above their list price and the typical home went under contract in 48 days. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (94 days then) and the median sale price rose 8% to $195,415. Overall, Cherry is more competitive than a year ago, so tougher for buyers.
Within Bureau County, homes here sell faster than in 73% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Wyanet 61379 (0% sold over asking) or Walnut 61376 (0% sold over asking), while Dalzell 61320 (100% sold over asking) is even more competitive.
Run the numbers for 61317
Nearby markets
Arlington 61312Buyer’s market $136 /sq ftBuda 61314Buyer’s market $87 /sq ftDalzell 61320Seller’s market $187 /sq ftDepue 61322 — /sq ft Browse all markets →Where Cherry is
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Questions about Cherry real estate
How fast do homes sell in Cherry?
The typical home went under contract in 48 days in the latest three months.
Do homes in Cherry sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What are property taxes in Cherry?
About 2.01% of a home’s value a year in Bureau County, or roughly $8,040 on a $400,000 home.
What is the median home price in Cherry?
The median sale price was $195,415 in the three months ending August 31, 2026, about $153 per square foot.
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More tools for 61317
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology