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Gloucester Township NJ Real Estate Market Report

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

Gloucester Township NJ Real Estate Market Report

January 1, 2025 – January 19, 2025

Welcome to the Gloucester Township NJ real estate market report! This comprehensive overview will provide you with the latest data and trends to help you stay informed and make well-informed decisions. 📊🏡

 Market Activity Overview

As of January 19, 2025, Gloucester Township NJ real estate market presents a vibrant landscape. There are a total of 92 active listings, with an average price of $372,680. This totals a combined value of $34,286,591 for all listed homes. 🏘️💰

Active Under Contract and Coming Soon

Out of the 92 active listings, 8 homes are currently Active Under Contract, with an average price of $284,313. Additionally, there is 1 property listed as Coming Soon, indicating continued interest and growth in the market. ⏳🏠

Pending Sales

The Gloucester Township NJ real estate market is bustling with activity, as evidenced by the 46 pending homes. These homes have an average pending price of $351,881. 🔄📈 With a sum of $16,186,527 ready to settle.

Closed Sales

Since January 1, 2025, 11 homes have been settled. The average closed price of these homes was $338,773, with a combined total of $3,726,500. The average price per square foot for these sold homes was $184.12. Sellers enjoyed a favorable market, receiving on average 2.04% more than the asking price. 🏡🔑

Days on Market and Types of Sales

The average Days on Market for sold homes was 13 days, reflecting a brisk pace in transactions. Impressively, no homes expired, and no bank-owned properties were sold during this period. 📅✨

Financing and Home Features

Among the sold homes, 8 were financed through conventional mortgages, 1 through a VA loan, 1 through an FHA loan, and there was 1 cash buyer. Additionally, 5 homes featured basements and 7 had garages. Notably, no new construction homes were sold. 🏗️📋

A Promising Start to 2025

Overall, the Gloucester Township NJ real estate market has shown a tremendous start to 2025. With active listings, pending sales, and a favorable seller's market, this year promises to be exciting for buyers, sellers, and investors alike. 🚀🌟

Thank you for reading this market report. Stay tuned for more updates and insights into the dynamic Gloucester Township NJ real estate market. 🌐📊

Contact Dave Sulvetta 856.889.8163

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Show All Comments Sort:
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive month!

Jan 22, 2025 09:34 AM
John McLain
REAL Broker and One REAL Mortgage - Whitehouse Station, NJ
Team McLain at REAL Broker Llc

Great post!  I really enjoyed reading it and learning more about your market!

 

Have a great month!

Jan 22, 2025 10:25 AM