📊Gloucester Township NJ Real Estate Market Update🏡 📅 February 2 - February 8, 2025
📍Dave Sulvetta, 19 years in Gloucester Township real estate!
The real estate market in Gloucester Township NJ is buzzing with activity! 🏠✨ Whether you're looking to buy, sell, or just stay informed, here’s the latest breakdown of what's happening in our local market:
📌 Active Listings
- 🔍 74 homes are currently available on the market
- 💰 Average list price: $392,772
- 💵 Total market value of active homes: $27,886,808
📈 Under Contract & Coming Soon
- ✅ 1 home went Active Under Contract last week at $392,454
- 🔜 2 new Coming Soon properties were added – exciting opportunities for buyers on the lookout! 👀
⏳ Pending Homes (Homes that went under contract last week)
- 🏡 14 homes went pending (under contract)
- 💰 Average pending price: $361,278
🏡 Homes That Sold & Closed
- 🔥 4 homes successfully closed last week!
- 💵 Average sold price: $341,250
- 💰 Total sum of sold homes: $1,365,000
- 📏 Average price per square foot: $178.11
- 📆 Average Days on Market: 38 days
💡 Sellers Take Note! The market is moving, but homes are taking a little longer to sell, averaging 38 days on the market. Sellers received an average of 0.36% less than asking price, so pricing your home competitively is key! 🔑
🚨 Expired Listings & Financing Trends
- ❌ 4 homes expired (Didn't sell – likely due to pricing, condition, or marketing)
- 🏦 No bank-owned homes sold last week
🔎 How were homes financed?
- 🏡 1 Conventional Mortgage
- 🎖 2 VA Loans
- 🚫 0 FHA Loans
- 💰 1 Cash Buyer
🏠 Home Features Breakdown
- 🏗️ 1 home had a basement
- 🚗 1 home had a garage
- 🏘️ 2 townhomes sold
- 🏡 2 detached single-family homes sold
- 🚧 No new construction homes were sold last week
💭 What Does This Mean for Sellers?
The Gloucester Township NJ real estate market remains active with buyers still making moves! 🏃♂️💨 With 74 homes available, sellers need strong pricing strategies and great marketing to stand out.
🏡 If you're thinking about selling, now is a great time to get your home in top shape! Buyers are still making offers, and homes are selling within an average of 38 days. Pricing right is crucial to avoid ending up in the "expired listings" category! 🚀
Thinking about selling or buying? 📞 Call or text Dave Sulvetta at 📲856.889.8163 for a free home consultation! Let's get your home SOLD! 💥
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