Cherry Hill, NJ

The Cherry Hill area is located in Camden County, New Jersey. The population of Cherry Hill was 149,839 as of the 2010 census. The median home price in Cherry Hill was $409,000 as of July 2014.

Real estate in the Cherry Hill area has seen a significant increase in prices over the past few years. In 2013, the median home price was $395,000 and by July 2014 it had increased to $409,000. This is likely due to a number of factors including an increasing demand for housing and an influx of affluent families moving into the area.

One important factor that affects real estate prices is the availability of inventory. In 2013 there were only 36 homes available for sale in Cherry Hill and by July 2014 this number had increased to 95 homes available for sale. This indicates that there is high demand for housing in the Cherry Hill area and that sellers are able to command high prices for their properties.

Another important factor that affects real estate prices is local government regulations. For example, zoning laws can restrict how many homes can be built or how large they can be, which can lead to higher prices for properties located near desirable areas or with good access to public transportation.