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Featured local agent — Cherry Hill, VA
Sarah Mitchell
Compass Real Estate · Cherry Hill, VA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cherry Hill, VA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$599,990median sale price
How is the Cherry Hill, VA housing market right now?
The median home sale price in Cherry Hill, VA is $599,990, down 10.2% year-over-year. Homes sell in an average of 36 days with 92 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cherry Hill a buyer's or seller's market?
Cherry Hill, VA is currently a seller's market, based on 3.2 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
36
Average pace
Active listings
92
3.2 months supply
Sale-to-list
100.1%
Above asking
What does the Cherry Hill housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $599,990 |
| Median list price | $664,990 |
| Year-over-year price change | -10.2% |
| Average days on market | 36 days |
| Active inventory | 92 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $251/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 45 |
| Listings with a price cut | 33.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cherry Hill by property type?
How the Cherry Hill, VA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $755,000 | $197/sq ft | 7 | 36 days |
| Condo / Co-op | $599,990 | $271/sq ft | 3 | 134 days |
| Townhouse | $525,000 | $259/sq ft | 19 | 35 days |
Source: Redfin · Updated monthly
The Cherry Hill housing market is currently classified as a seller's market with a median sale price of $599,990. Prices have fallen 10.2% compared to last year, with homes spending an average of 36 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Cherry Hill
There are currently 92 homes listed for sale in Cherry Hill, Virginia. The median listing price is $665K.
Active listings
92
Homes on market
Median list price
$665K
Avg. days on market
36
Days until sale
New this week
45
Newly listed
Who lives in Cherry Hill?
Population
23,443
Median income
$119,474/yr
Median age
32.9 years
Owner-occupied
60.3%
College grads
42.2%
Avg commute
42.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Cherry Hill?
Cherry Hill is a community of approximately 23K residents with a median age of 32.9 years.The median household income is $119,474, which reflects a relatively affluent area with strong earning potential. 42.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 42.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Cherry Hill offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Cherry Hill, VA?
Want a head-to-head view? Compare Cherry Hill side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cherry Hill?
The median home sale price in Cherry Hill is $599,990, down 10.2% from last year.
How long do homes stay on market in Cherry Hill?
Homes typically spend 36 days on market before going under contract.
What is the median income in Cherry Hill?
The median household income is $119,474 per year.
Is Cherry Hill a buyer's or seller's market?
With 3.2 months of supply, Cherry Hill is currently a seller's market.
What is the median condo price in Cherry Hill?
The median condo/co-op sale price in Cherry Hill, VA is $599,990, compared to $755,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cherry Hill?
The median single-family home price in Cherry Hill, VA is $755,000 (about $197 per square foot).
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