The Long & Foster Market Minute

FOCUS ON: BARCLAY , KINGSTON, AND CHERRY HILL HOUSING MARKET JUNE 2025

Zip Code(s): 08034 and 08002
Units Sold
52
Active Inventory
63
Median Sale Price
$465,000
Days On Market
18
Down -10%
Vs. Year Ago
Down -16%
Vs. Year Ago
Up 14%
Vs. Year Ago
Up 6%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 52 sold this month in Barclay , Kingston, and Cherry Hill Real Estate versus 42 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 10% versus June 2024.

Active Inventory
Versus last year, the total number of homes available this month is lower by 12 units or 16%. The total number of active inventory this June was 63 compared to 75 in June 2024. This month's total of 63 is lower than the previous month's total supply of available inventory of 73, a decrease of 14%.

Median Sale Price
Last June, the median sale price for Barclay , Kingston, and Cherry Hill Homes was $407,500. This June, the median sale price was $465,000, an increase of 14% or $57,500 compared to last year. The current median sold price is 7% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
59
Current Contracts
56
Sold Vs. List Price
103.0%
Months of Supply
1.2
No Change
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Barclay , Kingston, and Cherry Hill. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 59 homes newly listed for sale in Barclay , Kingston, and Cherry Hill, which is similar to the amount in June 2024. There were 56 current contracts pending sale this June compared to 48 a year ago. The number of current contracts is 17% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Barclay , Kingston, and Cherry Hill was 103.0% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 18, higher than the average last year, which was 17, an increase of 6%.

The Long & Foster Market Minute Barclay , Kingston, and Cherry Hill are defined as properties listed in zip code/s 08034 and 08002.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.