Is Gloucester Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gloucester Township is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, Gloucester Township has remained a Buyer's Market.

Key Takeaway

Gloucester Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gloucester Township, NC

How much do homes in Gloucester Township, NC cost?

Median Sold Price

$292,750

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$19,015(+6.9%)

Key Takeaway

Homes in Gloucester Township have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Gloucester Township was $292,750 in January 2024, up 6.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $262.4K$313.5K
+19.4%
2 $419K$215K
-48.7%
3 $256.5K$240.9K
-6.1%
4 $555K$620.2K
+11.8%
5+ --
N/A

Summary: Gloucester Township housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes decreased by 48.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Gloucester Township
+6.9%
Catheys Creek Township
-17.8%
Lake Toxaway
-24.9%

Housing Supply in Gloucester Township, NC

How many homes are available in Gloucester Township, NC?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1110-9.1%

Summary: The Gloucester Township real estate market had 10 homes for sale in January 2024, a 9.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 55
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Gloucester Township housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gloucester Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Gloucester Township in January 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gloucester Township, NC

How long does it take to sell a home in Gloucester Township, NC?

Average Sale Time

Jan 2023Jan 2024CHANGE
21 Days187 Days+790.5%

Summary: Homes in Gloucester Township had an average of 187 days on market in Jan 2024, up by 790.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Gloucester Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 1 homes were sold in Gloucester Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Gloucester Township, NC

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What housing markets are near Gloucester Township, NC?