Cherry Hill, NJ 08003 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's primary market signal is the median sold price of 564,000, which represents the most reliable indicator of realized value and recent transaction activity and suggests pricing that is meaningfully below the current median listing price of 630,000, indicating pricing friction between seller expectations and completed sales.
2. Liquidity appears slower than fast-moving markets: the median days on market is 291, which points to extended listing lifecycles and may indicate slower sales velocity despite steady buyer interest in the area.
3. Market balance shows mixed signals: price year-over-year trend is up while market temperature is neutral, suggesting steady appreciation without an overheated transaction environment; interest rate pressure is moderate, which may support buyer confidence while keeping urgency measured.
4. Supply context in the analyzed sample indicates relatively constrained active supply compared with recent sales, so expect continued competition on well-priced SFR and condominium listings; median price per square foot of 248 and median market rent of 2,800 provide local benchmarks for pricing and rent comparables when evaluating offers or advising sellers.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.