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's three main ZIP codes show median sale prices of $433,000 in 08002, $470,000 in 08034, and $528,000 in 08003, up 6.8%, 8.2%, and 5.6% year over year. Zillow's typical home value for Cherry Hill Township is $426,447, up 6.6% over the past year, while Movoto pegs the city-wide median sold price at $500,000 with 32 days on market. Appreciation is broad-based: every ZIP and the township as a whole are posting gains, and inventory of roughly 160 to 250 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:

• ZIP 08002 (Ashland, West Cherry Hill, parts of Barclay): Redfin's median sale price is $433K, 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 published 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 across all three ZIP codes, with Redfin ZIP medians up 5.6% to 8.2% year over year and Zillow typical home values up 4.5% to 6.6% township-wide.
• Fast absorption, with a 32-day city-wide median on market (Movoto); Redfin ZIP medians run about 18 days in 08034 to roughly 40 in 08003. Well-priced homes in the hottest pockets can go under contract in under two weeks.
• Lean inventory of roughly 160 to 250 homes for sale depending on the tracker (Redfin's township page lists about 160; Movoto counts about 251), which keeps multiple-offer situations common in the most sought-after neighborhoods.
• Price per square foot running $247 to $256 across Redfin ZIP medians (08003 at $247, 08002 at $252, 08034 at $256), with Movoto's city-wide figure about $253.
• Mortgage-rate pressure from rates above 7%, 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 roughly 160 to 250 homes and every ZIP posting year-over-year gains, 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 $433K 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 in every ZIP on Redfin (ZIP medians up 5.6% to 8.2%) and in Zillow's township typical value (up 6.6%), and homes are moving in about a month on average. The key is pricing strategy: homes priced at market value sell quickly, while overpriced properties can sit even in a fast 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.