Cherry Hill, NJ 08003 Real Estate Market Report

ZIP Code: 08003
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Cherry Hill, NJ is characterized by a median sold price of $579,900, reflecting a robust market despite elevated interest rate pressure. The neighborhood has increased 15% since 2023, indicating strong buyer interest and a healthy demand for properties. The median listing price stands at $625,000, suggesting a notable gap between seller expectations and actual transaction values, which may create pricing friction in negotiations.

Market activity shows median days on market at 259, indicating a slower sales velocity and potentially longer transaction timelines. While there are elevated inventory levels, the market remains hot, with strong buyer demand and a median market rent of $3,130, further emphasizing the area's attractiveness for both buyers and renters. This combination of factors suggests a market that is transitioning towards balance, yet still favors sellers in the current climate.

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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.

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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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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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.

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Key Findings

1. The median sold price of $579,900 indicates strong buyer demand despite elevated interest rates.

2. With a median listing price of $625,000, there is a notable gap that may create pricing friction in negotiations.

3. The median days on market of 259 suggests a slower sales velocity compared to previous periods.

4. The market remains hot, with strong buyer interest and a median market rent of $3,130 supporting rental demand.

5. Overall, the market is experiencing moderate interest rate pressure, which may influence future pricing trends.

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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.