Market Intelligence · NJ / Cherry Hill

Cherry Hill, NJ 08002 Housing Market

Typical home values in Cherry Hill, NJ 08002 are $438,230, up 4.1% over the past year. The median list price stands at $448,125, with homes spending a median of 35 days on market as of September 2026.

Updated September 2026Median value$438K

The median home value in Cherry Hill, NJ 08002 is $438K as of September 2026, up 4.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 08002 range

$403K to $473K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.1% over 12 months

Sep 2025$421K

Low $421KHigh $438K

Sep 2026$438K

The numbers

What is the 08002 housing market like?

As of September 2026

Typical home value

$438K

4.1%YoY

Median list price

$448K

0.4%MoM

Days on market

16.7%MoM

Homes for sale

4.4%MoM

Price cuts

26.7%

73.3%MoM

New listings

28.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

08002 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 08002 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 08002 rose 4.1%, per the Zillow Home Value Index.

Will home prices drop in 08002?

Zillow's forecast does not call for a drop: it expects typical home values in 08002 to rise 1.9% by September 2027, after a 4.1% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 08002 home prices compare?

08002$438,230
Cherry Hill$458,307
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Cherry Hill: 3 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Cherry Hill is showing steady appreciation, with typical home values gaining 4.1% annually. The inventory of 47 homes for sale includes 20 new listings as of September 2026. However, 26.7% of current listings have seen price reductions, suggesting some sellers are adjusting expectations as homes take a median of 35 days to sell. The gap between typical value and list price remains modest. Sellers should be realistic about pricing in this market.

Monthly payment

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Home price

Down payment20% · $87,646

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Common questions

What people ask us.

How much is a home in 08002 worth?

Typical home value in Cherry Hill, NJ 08002 is $438,230 as of September 2026.

How long do homes stay on the market in 08002?

Homes in this ZIP spend a median of 35 days on market as of September 2026.

How many homes are for sale in 08002?

There are 47 homes for sale in Cherry Hill, NJ 08002 as of September 2026, including 20 new listings.

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Nearby ZIP markets.

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