Cherry Hill Real Estate Market

Cherry Hill's real estate market reflects its position as one of South Jersey's most desirable communities. With strong schools, diverse housing, and proximity to Philadelphia, demand remains consistently robust across most neighborhoods and price ranges. This snapshot of fresh Redfin, Zillow, and Movoto data shows a market where values keep climbing at a steady pace and homes still sell quickly.

Market Summary

According to the most recent Redfin data, Cherry Hill Township's median sale price is $525,000, up 5.0% year over year, with a median price per square foot of $255 and a median time on market of 48 days. Zillow's typical home value for Cherry Hill Township is $426,447, up 6.6% over the past year, while Movoto's October 2026 snapshot shows a $485,000 median listing price, a $500,000 median sold price (August 2026, its latest closed-sale month), a 34-day median time on market, and about 215 homes for sale. Appreciation is broad-based across the township and its main ZIPs, and inventory of roughly 215 active homes keeps competition firm.

Home Prices by ZIP Code

Cherry Hill's housing market spans a wide price range, with significant variation by ZIP code. Redfin's ZIP pages publish on their own monthly cadence, so the ZIP medians below reflect each page's latest published snapshot; the freshest township-wide figures appear in the snapshot above:

• ZIP 08002 (Ashland, West Cherry Hill, parts of Barclay): Redfin's median sale price is $432K, up 6.8% year over year, with homes selling in about 34 days and a median price per square foot of $252, up 2.4%. Zillow's typical home value is $441,012, up 4.7%. This remains the most affordable entry point into the Cherry Hill market.
• ZIP 08003 (Kingston Estates, Woodcrest, Barclay-Kingston): Redfin's median sale price is $528K, up 5.6% year over year, with homes selling in roughly 40 days and a median price per square foot of $247, up 7.6%. Zillow's typical home value is $583,861, up 4.5%. The priciest ZIP, it stays a favorite for its established neighborhoods and its easy access to the country club and the mall.
• ZIP 08034 (Haddontowne, Downs Farm, parts of Barclay): Redfin's median sale price is $470K, up 8.2% year over year, the fastest appreciation of the three ZIPs, with homes selling in about 18 days and a median price per square foot of $256, up 4.5%. A ZIP-level Zillow value for 08034 was not directly captured this run; the township's typical home value is $426,447, up 6.6%.

Market Trends

Several factors continue to shape Cherry Hill's real estate market in 2026:

• Steady, broad-based appreciation, with Redfin's township median up 5.0% year over year and Zillow's typical township home value up 6.6%.
• Reasonably quick absorption, with a 34-day city-wide median on market per Movoto's October 2026 snapshot (37-day average) and a 48-day Redfin township median. Well-priced homes in the hottest pockets can go under contract in under two weeks.
• Lean inventory of about 215 homes for sale on Movoto's October 2026 snapshot, which keeps multiple-offer situations common in the most sought-after neighborhoods.
• Price per square foot of $255 on Redfin's township median, up 6.5% year over year, with Movoto's city-wide figure about $251.
• Mortgage-rate pressure from elevated rates, which continues to weigh on affordability and has cooled the pace of buyer competition without stopping it.

For Buyers

If you are looking to buy in Cherry Hill, be prepared for a competitive market. With inventory lean at about 215 active homes on Movoto's October 2026 snapshot and values still climbing, well-priced homes in good condition can draw multiple offers. ZIP 08003 at a $528K median is the priciest but most established segment, while ZIP 08002 at $432K offers more affordable entry points. Working with a local agent who knows every street and subdivision can give you an edge. Get pre-approved, know your budget, and be ready to act quickly when the right property comes along.

For Sellers

Cherry Hill remains a strong market for sellers. Values are rising, with Redfin's township median up 5.0% year over year and Zillow's typical township value up 6.6%, and homes are moving in about five to seven weeks on average (34-day Movoto median, 48-day Redfin township median). The key is pricing strategy: homes priced at market value sell quickly, while overpriced properties can sit even in a firm market. Simple improvements like fresh paint, updated fixtures, and professional staging can meaningfully improve your final sale price. For a complimentary market analysis of your Cherry Hill home, contact Bob today.