New - 10 hours on Rocket
$7,719 Closing Credit¹
Daren M Sautter, Listing Office: Long & Foster Real Estate, Inc.
Cherry Hill Housing Market Report December 2024•Camden County, New Jersey
Housing Prices in Cherry Hill, NJ
How much do homes in Cherry Hill, NJ cost?
Housing Market Conditions
Is Cherry Hill, NJ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Cherry Hill is a Seller's Market
Difference Since December 2023
Since last year, Cherry Hill has remained a Seller's Market.
Insight
Cherry Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$450,000$232/SqFt
+$30,033
+7.2%
Based on all homes sold in the last 12 months
Insight
Homes in Cherry Hill have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Cherry Hill was $450,000 in December 2024, up 7.2% from last year, and the median price per square foot was $232.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Haddonfield | $675K | $782.5K | +15.9% |
| Maple Shade Township | $270K | $300K | +11.1% |
| Cherry Hill Township | $415.1K | $450K | +8.4% |
| Cherry Hill | $419.9K | $450K | +7.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $145K | $149.9K | +3.4% |
| 22 Bedrooms | $256.5K | $285K | +11.1% |
| 33 Bedrooms | $380K | $418.3K | +10.1% |
| 44 Bedrooms | $515K | $521.5K | +1.3% |
| 55+ Bedrooms | $600K | $595K | -0.8% |
Summary: Cherry Hill housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +3.4%. The home price for 2 bedroom homes increased by +11.1%. The home price for 3 bedroom homes increased by +10.1%. The home price for 4 bedroom homes increased by +1.3%. The home price for 5 bedroom homes decreased by -0.8%.
Housing supply in Cherry Hill, NJ
How many homes are available in Cherry Hill, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 175Last MonthDec 2024 | ||
| 2022 months agoNov 2024 | -13.4 % Change MoMNov – Dec |
Summary: The Cherry Hill real estate market had 175 homes for sale in Dec 2024, a 13.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 58Last MonthDec 2024 | ||
| 542 months agoNov 2024 | +7.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 3 | 0.0% |
| 22 Bedrooms | 26 | 24 | -7.7% |
| 33 Bedrooms | 75 | 60 | -20.0% |
| 44 Bedrooms | 87 | 71 | -18.4% |
| 55+ Bedrooms | 11 | 17 | +54.5% |
Summary: Cherry Hill housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -7.7%. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -18.4%. The inventory for 5 bedroom homes increased by +54.5%.
Asking Price vs. Sold Price
How much do homes in Cherry Hill, NJ cost?
Over Asking Price26 Homes
At Asking Price11 Homes
Under Asking Price21 Homes
Insight
If you're buying a home in Cherry Hill, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 58 homes were sold or pending in Cherry Hill in December 2024, up by 7.4% month-over-month. Of the 58 sold homes, 36% were sold under asking, 19% were sold at asking, and and 45% were sold over asking.
Days on Market for Cherry Hill, NJ
How long does it take to sell a home in Cherry Hill, NJ?
Breakdown of Home Sale Times
Under 30 Days43 Homes
30 – 90 Days12 Homes
Over 90 Days3 Homes
Insight
Many homes in Cherry Hill are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 58 homes were sold in Cherry Hill; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 25 DaysThis YearDec 2024 | ||
| 29 Days1 year agoDec 2023 | -14.1 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Cherry Hill had an average listing age of 25 days in Dec 2024, down by 14.1% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Cherry Hill, NJ
What homes are available in Cherry Hill, NJ?
New - 1 day on Rocket
$5,641 Closing Credit¹
Gazi Ataseven, Listing Office: HomeSmart Realty Advisors
New - 1 day on Rocket
$3,086 Closing Credit¹
Ronald L Woods, Listing Office: Prominent Properties Sotheby's Intl Realty
New - 1 day on Rocket
$4,453 Closing Credit¹
Deanna R Kozak, Listing Office: RE/MAX ONE Realty-Moorestown
Coming soon
$5,699 Closing Credit¹
Rosemary Gunderson, Listing Office: Keller Williams Realty
New - 2 days on Rocket
$5,641 Closing Credit¹
Lisa Gordon, Listing Office: BHHS Fox & Roach-Moorestown
New - 2 days on Rocket
$2,719 Closing Credit¹
Kelly Toll Guzman, Listing Office: Century 21 Alliance-Cherry Hilll
New - 2 days on Rocket
$2,577 Closing Credit¹
KAREN ORNELAS, Listing Office: Weichert Realtors - Moorestown
New - 2 days on Rocket
$4,750 Closing Credit¹
Frank L DeFazio, Listing Office: BHHS Fox & Roach-Center City Walnut
New - 2 days on Rocket
$6,531 Closing Credit¹
Stefani Roach, Listing Office: RE/MAX ONE Realty-Moorestown
Coming soon
$7,719 Closing Credit¹
Rosalie L Conaty, Listing Office: Keller Williams Realty
New - 3 days on Rocket
$3,088 Closing Credit¹
Anatoly J Vinokurov, Listing Office: Dan Real Estate, Inc.
Popular Cities with Homes for Sale in New Jersey
- Homes for sale in Atlantic City, NJ
- Homes for sale in Barnegat, NJ
- Homes for sale in Brick, NJ
- Homes for sale in Clifton, NJ
- Homes for sale in Edison, NJ
- Homes for sale in Freehold, NJ
- Homes for sale in Howell, NJ
- Homes for sale in Jackson, NJ
- Homes for sale in Manahawkin, NJ
- Homes for sale in Medford, NJ
- Homes for sale in Middletown, NJ
- Homes for sale in Montclair, NJ
- Homes for sale in Old Bridge, NJ
- Homes for sale in Princeton, NJ
- Homes for sale in Sewell, NJ
- Homes for sale in Sicklerville, NJ
- Homes for sale in Sparta, NJ
- Homes for sale in Toms River, NJ
- Homes for sale in Vineland, NJ
- Homes for sale in Wayne, NJ
- Homes for sale in Westfield, NJ
MLS Disclaimers and Copyright
Based on information from BrightMLS, and ALL JERSEY MLS for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 3:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.