Cherry Hill, NJ 08003 Real Estate Market Report
ZIP Code: 08003
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
Note: 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
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
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
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The most reliable market signal is the median sold price: 577,450, which indicates recent transaction-level value and suggests pricing strength relative to many local asking prices; given the market temperature is hot, this sold-price level appears to validate continued upward price momentum.
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There is a noticeable gap between median listing price: 720,000 and the median sold price: 577,450, which may indicate pricing friction or optimistic seller expectations versus realized sale prices; sellers should consider aligning asks closer to recent transaction benchmarks to reduce time-to-contract.
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Liquidity appears muted on velocity metrics: the median days on market: 275 signals slower sales velocity despite a hot market temperature, suggesting that buyers are selective and transactions may take longer to close even as prices trend up.
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Macro pressures are mixed: rent and price trends are both up (rent YoY trend up, price YoY trend up), while interest rate pressure is moderate; investors and owner-occupiers should factor higher financing costs into underwriting even as rental and capital appreciation signals remain positive.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Cherry Hill, NJ 08003 Real Estate Market Report
ZIP Code: 08003
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
Note: 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
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
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Key Findings
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The primary market indicator is the $359,900 median sold price, which represents recent transaction-level value and should be treated as the best signal of where the market is clearing.
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The $359,900 median sold price versus the $270,000 median listing price shows a meaningful gap that may indicate strong transaction pricing or sample skew; this suggests sellers have been realizing prices materially above current asking medians in the analyzed sample.
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Liquidity appears mixed: the median days on market of 288 points to slower sales velocity relative to hot market narratives and may indicate pricing friction or extended negotiation timelines even as overall market activity is described as hot.
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Market drivers remain supportive: year-over-year trends show price up and rent up, while interest rate pressure is moderate, signaling continued demand for both owner-occupier and rental markets but with some caution from financing conditions.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Sold above market average
Sold below market average
Sold below market average
Sold at market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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