My view? Both great towns - both great places to live, and both are known for good neighbors (and neighborhoods) safe communities, great food and family fun 😄
If we look at some of the more empirical published real estate data in fall of 2024 comparing both Cherry Hill and Haddonfield:
- Cherry Hill:
- The median home sold price in Cherry Hill was $450,000 in October 2024, up 11% from the previous year1.
- The median price per square foot in Cherry Hill was $2311.
- In September 2024, the median sale price was $380,000 for the Cherry Hill Mall area, up 3.9% from the previous year4.
- Haddonfield:
- The median home sold price in Haddonfield was $719,500 in September 2024, up 2.8% from the previous year2.
- The median price per square foot in Haddonfield was $3412.
- Another published source we looked at suggests the median house value in Haddonfield was a bit higher.....coming in at $858,0556.
While there may be some variation in the numbers we're collecting above from local sources, it's fair to make some simple apples to apples comparisons:
- Haddonfield has significantly higher housing prices than Cherry Hill. The median home price in Haddonfield is about 60-90% higher than in Cherry Hill, depending on which figures are used.
- The price per square foot in Haddonfield ($341) is also considerably higher than in Cherry Hill ($231), indicating that property values are generally higher in Haddonfield.
- Both areas have seen price increases over the past year, but Cherry Hill's growth rate (11%) was higher than Haddonfield's (2.8%) in the most recent data.
- Haddonfield is considered one of the more expensive areas in South Jersey, with home prices ranging from below $100,000 to above $3,000,0005.
It's worth noting that these prices reflect the overall market in each area, and individual properties may vary significantly based on factors like location, size, and condition.
Thinking about renting and want to compare rental price differences between Cherry Hill and Haddonfield? We've got you covered, here!
Ian Ross