Cherry Hill, VA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Cherry Hill, VA is $504,000, down 14.2% year-over-year. Homes sell in an average of 69 days with 67 active listings. The market is currently a balanced market.
$504,000median sale price
Is Cherry Hill a buyer's or seller's market?
Cherry Hill, VA is currently a balanced market, based on 2.7 months of supply and homes selling in about 69 days. How we determine this →
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
Cherry Hill, VA market data
| Metric | Value |
|---|---|
| Median sale price | $504,000 |
| Median list price | $629,995 |
| Year-over-year price change | -14.2% |
| Average days on market | 69 days |
| Active inventory | 67 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 99.6% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
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
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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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