Cherry Hill, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 999 transactions over the past year in Cherry Hill. The median value for residential home transactions that occurred over the previous year is $426,131.2. The number of current listings in Cherry Hill is 59, and the percentage of properties for sale in the city is 59.00%. Cherry Hill, NJ currently has 187 properties in foreclosure, 4 bank owned properties, 14 properties headed for auction, and 59 properties for sale.
Cherry Hill, NJ Real Estate Market Overview
Housing Market Summary for Cherry Hill, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $440K | $413.1K | -6.11% |
Median Sold Price | $356.4K | $413.1K | 15.91% |
Homes For Sale | 29 | 57 | 96.55% |
Homes Sold | 538 | 471 | -12.45% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Cherry Hill, NJ
Browse Homes in Cherry Hill, NJ
Cherry Hill home values range from $63,820 to $738,600. The median estimated value of a home in Cherry Hill is $426,131.2. The median list price of a home is 440,000, and the total count of properties in the city is 24,907.
- Pre-ForeclosurePre-foreclosure homes account for 0.68% of all residential properties in Cherry Hill, NJ with 08003 containing 66 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Cherry Hill, NJ; of those zips, the estimated home value for pre-foreclosure homes ranges from $723,800 in 08003 to the lowest home value of $99,360 in 08034.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Cherry Hill, NJ ranges from the highest value of $344,100 in 08003 to the lowest value of $124,400 in 08002. Bank owned homes and properties account for 0.02% of properties in Cherry Hill, NJ. There are 3 zips within Cherry Hill, NJ; 08002 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08003 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Cherry Hill, NJ. Auction homes and other auction properties account for 0.06% of all properties in Cherry Hill, NJ. There are 3 zips within Cherry Hill, NJ; of those zips, the median estimated home value for homes going to auction ranges from $670,500 in 08002 to the lowest value of $168,500 in 08002.
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Guide for Cherry Hill, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
When house prices increase near good school, what options do home buyer have?
Information on foreclosure financing, refinancing, and foreclosure mortgages.