Cherry Hill
Homes for Sale in Panama City, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Cherry Hill's median price sits at $282,500, and with a median year built of 1966 and a build range stretching from 1930 to 2024, condition and updates are doing most of the work on where any individual listing lands. This is not a subdivision where a builder set a common price point — it's a mix of eras, so the same square footage can carry very different price tags depending on what's been done to the mechanicals, roof, and kitchen.
A median 71 days on market and a market heat score of 43 point to a measured pace rather than a bidding-war environment. Sellers priced honestly are moving; sellers pricing on hope are sitting. With only 8 closings in the tracked window and prices down 0.9% year over year, this reads as a stable, low-drama market rather than a fast-appreciating one — good for buyers who want time to think, not for sellers expecting quick action at a premium.
Cherry Hill right now
🟡 Off the recent peak. The trailing-12-month median ($282K) is down 0.9% from the prior 12 months ($285K). With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level cpar closed sales, 12-month windows ending July 28. Confidence: Low (8 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 28, 2026 · Live data: cpar, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Cherry Hill market snapshot (as of July 28, 2026): the median sale price is about $282K, and a median 71 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months, computed from record-level cpar closed sales (8 closings in the current window).
Cherry Hill is a community of 369 homes in Panama City, Bay County, built between 1930 and 2024 (median 1966.0), with a median living area of about 1,684 square feet. 50% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Cherry Hill in Panama City is an established Bay County community with homes spanning nearly a century of construction, giving buyers a genuinely wide range of architectural styles and renovation states to choose from rather than a single uniform product.
Who Cherry Hill is best for.
Best for
- Buyers targeting a purchase near the $282,500 median who are comfortable with an older-vintage home
- Buyers who want negotiating room in a market moving at a measured pace rather than under pressure
- Buyers planning to renovate and build equity through updates rather than buying fully finished
Probably not for
- Buyers who need a home built in the last few years with systems still under original warranty
- Buyers whose decision depends on shared community amenities, since none are currently identified
- Buyers expecting a fast-appreciating market rather than one holding roughly flat year over year
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 28 of each year, from record-level cpar closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($282K) IS the median in the snapshot above, and the move from 2025 ($285K) IS the -0.9% one-year change.
Windows contain 2 to 18 sales each (8 in the current window); every figure carries its sample size, and thin markets swing on single closings. Listing information provided by the Central Panhandle Association of REALTORS®. Information is deemed reliable but not guaranteed by the MLS to be accurate. Deemed reliable but not guaranteed.
The Cherry Hill buying strategy.
If we were buying in Cherry Hill today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Cherry Hill.
An established mix, priced on condition
With 369 homes in the community and a median living area of 1,683.5 square feet, Cherry Hill skews toward modest, livable footprints rather than sprawling new construction. The median year built of 1966 places the typical home well into its decades, which means inspection findings — roof age, electrical, plumbing, HVAC — matter more here than in newer-build areas where those systems are still under warranty.
A homestead share just above half (50.4%) suggests a solid core of longer-term ownership mixed with turnover activity, which tends to support steadier, less speculative pricing. No community amenities are identified from current MLS listings, so this is a value proposition built on the house and the lot, not on shared recreational infrastructure — worth confirming directly if amenities are a priority for you.
The location and the amenities are priced into every listing in Cherry Hill. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Cherry Hill buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (6.1). Basis: Recent Direction -0.9% year-over-year; Owner Commitment 50% owner-occupied; Pricing Power 96.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this age-diverse, the difference between a smart buy and an expensive mistake usually comes down to what's behind the walls. We push for full inspection contingencies, help you weigh renovation cost against list price, and price listings based on comparable condition — not just comparable square footage — so you're not guessing at what 1966 construction really means for your budget.
Cherry Hill in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Cherry Hill buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Cherry Hill sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cherry Hill, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cherry Hill home worth?
Get a no-obligation home value based on real comparable sales in Cherry Hill, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Cherry Hill on the map →
Frequently Asked Questions
What is the median home price in Cherry Hill?
How long do homes in Cherry Hill take to sell?
How many homes are in Cherry Hill?
What share of Cherry Hill is owner-occupied?
When were the homes in Cherry Hill built?
Who is the best real estate agent for Cherry Hill?
How do I find a top Panama City real estate agent who knows Cherry Hill?
Can Momentum Realty connect me with an agent for Cherry Hill?
Should you buy in Cherry Hill?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | cpar closed sales, 12-month windows ending July 28, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (9 streets, ZIP 32401/32404)) |
| Historical depth | Closed-sale records back to 2012 (113 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of cpar records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the cpar member average and 8 days faster, and we’ll price yours against live your area comps.
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