Gloucester Township NJ Real Estate Market Update 🏠January 19-25, 2025 💰
The Gloucester Township NJ real estate market remains active and competitive as we step into the final stretch of January. 📆💼 With 90 active listings, buyers have a growing selection of homes, while sellers are benefiting from strong demand and quick sales. Let’s dive into the numbers! 📈🔍
📌 Current Market Snapshot:
🏡 Active Listings: 90 homes currently for sale
💲 Average List Price: $376,605
📊 Total Market Value: $33,894,413
🏡 Homes Under Contract & Pending
🔄 Under Contract (Active-Under Contract): 7 homes
💲 Average Price of Homes Under Contract: $359,229
⏳ Pending Sales: 7 homes moving toward closing
💲 Average Pending Price: $328,814
🔥 Homes Coming Soon
🔜 New "Coming Soon" Listings: 3 fresh properties hitting the market soon!
📉 Closed Sales & Pricing Trends
✅ Sold Homes Last Week: 8
💲 Average Sold Price: $297,500
💰 Total Volume of Homes Sold: $2,380,000
📐 Average Price per Sq Ft: $187.34
⏳ Days on Market (DOM) Average: 20 days
💵 Sellers’ Closing Power: On Average Homes sold for 0.95% ABOVE asking price!
🏡 Mortgage & Financing Insights
💰 Financing Breakdown for Sold Homes:
✔ 4 Conventional Loans
✔ 2 Cash Buyers 💵
✔ 2 VA Buyers 🇺🇸🏡
❌ 0 FHA Loans
🏡 Features of Homes Sold
🏠 Basements: 6 homes had basements
🚗 Garages: 4 homes came with a garage
🚧 New Construction Sold: 0
🏚 Bank-Owned & Expired Listings
🏦 Bank-Owned Homes Sold: 1 foreclosure sold last week
📉 Expired Listings: 0 homes expired off the market
📢 What This Means for Buyers & Sellers
📢 For Sellers: Homes are selling slightly above asking price, indicating strong demand. If you’re thinking about selling, now is the time to list while buyers remain active! 💰🔥
📢 For Buyers: With 90 active listings, you still have options! However, homes are moving in about 20 days, so be prepared to act fast. 💨
📢 For Investors: A bank-owned property closed last week, signaling opportunities for those looking for distressed sales. 📊🏦
🏡 Thinking of Buying or Selling in Gloucester Township NJ? Let’s chat about the market and how you can maximize your real estate goals! 📞💼
📍 Gloucester Township NJ Real Estate Market is strong and moving! Don't miss your opportunity! 🚀
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☎️ Contact Dave Sulvetta 856.889.8163
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