Cherry Hill, VA
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
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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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