Cherry Hill, VA

Balanced market-14.2% YoY

Housing market overview · Updated weekly

$504,000median sale price

Homes sold

25

Last 12 weeks

Days on market

69

Average pace

Active listings

67

2.7 months supply

Sale-to-list

99.6%

Below asking

The Cherry Hill housing market is currently classified as a balanced market with a median sale price of $504,000. Prices have fallen 14.2% compared to last year, with homes spending an average of 69 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Cherry Hill

There are currently 67 homes listed for sale in Cherry Hill, Virginia. The median listing price is $630K.

Active listings

67

Homes on market

Median list price

$630K

Avg. days on market

69

Days until sale

New this week

36

Newly listed

Price drops:11.9%of listings
Sale-to-list:99.6%

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Frequently asked questions

What is the average home price in Cherry Hill?

The median home sale price in Cherry Hill is $504,000, down 14.2% from last year.

How long do homes stay on market in Cherry Hill?

Homes typically spend 69 days on market before going under contract.

Is Cherry Hill a buyer's or seller's market?

With 2.7 months of supply, Cherry Hill is currently a balanced market.

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