Gloucester Township NJ Real Estate 10_2 - 10_8_2023

By
Real Estate Agent with Dave Sulvetta, eXp Connection, Gloucester County Realtor 0683062

The Real Estate Market in Gloucester Township, NJ 

Week of 10/2/2023 - 10/8/2023

Introduction                  

The real estate market in Gloucester Township, New Jersey, is buzzing with activity. With 6 coming soon listings and 83 active listings, it's an exciting time for both buyers and sellers. In this article, we'll delve into the statistics and trends that define the current state of the real estate market in Gloucester Township.

The Numbers Speak

Active Listings

Gloucester Township boasts a robust real estate market with 83 active listings. These properties present a range of opportunities for homebuyers. From cozy single-family homes to stylish townhouses, there's something for everyone.

 

Gloucester Township NJ  

    Gloucester Township Market Report

Pending Homes

Currently, there are 69 homes pending sale. This indicates a strong demand in the market, as buyers eagerly await their dream homes.

Recent Sales

In the past week, 7 homes in Gloucester Township found new owners. This suggests a relatively healthy turnover rate in the market, with properties moving swiftly.

Average Sale Price

The average sale price for homes in Gloucester Township stands at an impressive $363,143. This reflects the value that properties in this area offer to homeowners.

List Price

The average list price for the homes that sold recently was $347,843. This means that homes are generally selling close to their asking price, which is good news for sellers.

Net Profit 📈

On average, sellers in Gloucester Township are pocketing 4.4% more than their initial asking price. This is a testament to the strong demand and competitive nature of the market.

Property Types

Of the homes that sold, 6 were single-family residences, while one was a townhome. This diversity in housing options ensures that buyers can find a property that suits their needs.

Days on Market

Homes in Gloucester Township are selling quickly, with an average of just 10.42 days on the market. This means that if you find a property you love, you'll need to act fast to secure it.

Variety of Listings

In addition to the statistics mentioned above, it's worth noting that the Gloucester Township NJ real estate market offers a diverse range of listings. Among the active, pending, and coming soon properties, you'll find:

  • 111 Single Family or detached homes

  • 42 townhomes

  • 2 condos

  • And a handful of other unique properties

This variety ensures that there's something for everyone, whether you're a first-time homebuyer, a growing family, or someone looking for a cozy retirement spot.

Conclusion

The real estate market in Gloucester Township, NJ, is vibrant and full of potential. With a wide range of properties available, competitive prices, and quick turnover, it's an excellent time for both buyers and sellers to explore their options. If you're looking to make a move in Gloucester Township, don't wait too long—these properties are in high demand.

Contact Dave Sulvetta ☎️ 856.889.8163 

Email: 📧 Dave@DaveSulvetta.com

Search All Gloucester Township NJ Homes For Sale

Quick Real Estate Stats for Gloucester Twp NJ

Comments (2)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Gloucester home buyers and sellers are sure to value your real estate market perspective, Dave.

Oct 09, 2023 07:22 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thanks for sharing your market report with us here in the Rain. It's always interesting to see how other areas of the country are doing.

 

Oct 16, 2023 12:59 PM