Is Cherry Hill, NJ 08034 a buyer’s or seller’s market?

The Cherry Hill housing market right now

In the three months ending August 31, 2026, 55% of homes in Cherry Hill, NJ 08034 sold above their list price, the typical home went under contract in 22 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 76 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold more slowly (20 days then) and the median sale price held steady to $478,543. Overall, Cherry Hill is less competitive than a year ago, which gives buyers more room.

Within Camden County, homes here sell faster than in 72% of the county’s ZIP codes, and sell more often over asking than in 69%. On our competition score, Cherry Hill ranks #113 of 444 NJ ZIP codes with enough sales (score 88 out of 100).

Nearby, buyers who want less competition could look at Camden 08102 (20% sold over asking) or Gibbsboro 08026 (28% sold over asking), while Mount Ephraim 08059 (73% sold over asking) and Stratford 08084 (67% sold over asking) are even more competitive.