Real Estate Market Update for 08002 (Cherry Hill, NJ)
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 2% from one year earlier, and up 8% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 49%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold increased 4% year-over-year, and decreased 28% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 08002 (Cherry Hill, NJ)
Area Information for 08002 (Cherry Hill, NJ)
  • Population: 22,546
  • Median Age: 42.05 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 5
  • Sales Tax: 7%
  • Population Density: 3,138/sq mi
  • Population Change Since 2000: 9.64%
  • Closest Airport: Philadelphia International
  • Closest College: Rutgers State University-camden Campus
  • Closest Jr. College: Lincoln Technical Institute-philadelphia
  • Median Household Income: $72,205
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $194,500
  • Closest Major Sports Team: Philadelphia Eagles
  • Change Avg. Household Income Since 2000: 35.93%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08002 (Cherry Hill, NJ)
Median Age: 42.05 Married: 42% Number of Households: 9,091 Households with Children: 2,523
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08002 (Cherry Hill, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Cherry Hill High-west High School 0.1 mi Public 9-12 2 3
      Delaware Valley Torah Institute 0.7 mi Private 9-11 0 0
      Foxman Del Val Torah Inst 0.7 mi Private 9-12 0 0
      Politz Day School 0.7 mi Private PRESCHOOL-8 0 0
      Clara Barton Elementary School 0.9 mi Public K-5 3 0
      Y A L E 0.9 mi Private - 0 0
      Kilmer School 1.0 mi Public PRESCHOOL-5 3 0
      St Andrews Nursy & Kng School 1.3 mi Private PRESCHOOL-K 0 0
      John A Carusi Middle School 1.3 mi Public 6-8 3 0
      Camden Catholic High School 1.5 mi Catholic 9-12 0 4
      Living Faith Christian Academy 1.9 mi Private K-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 08002 (Cherry Hill, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.