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 Last Month

Since last month, 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.

How much do homes in Gloucester Township, NC cost?

Median Sold Price

$171,000

$119/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$87,000(-33.7%)

Key Takeaway

Homes in Gloucester Township have sold for 33.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 --
N/A
3 $258K$171K
-33.7%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Gloucester Township
-33.7%
Balsam Grove
-33.7%

How many homes are available in Gloucester Township, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
880.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 34
+33.3%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
110.0%

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.

Average Sale Time

Oct 2022Nov 2022%
3 Days5 Days+66.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gloucester Township are selling fast, if you're buying plan to act quickly.

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

About Gloucester Township, NC

Number of homes for sale in Gloucester Township, NC real estate market have reached 8. In November 2022, listings were on the market for 5 days. During the same period, the median list price in this real estate market was $171,000. From November 2021 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 0% more expensive, prices of 3 bedrooms properties went down by 33.7%, prices of 4 bedrooms properties went up by 0%, the cost of 5 bedrooms properties went up by 0%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 33.3%, 3 bedrooms homes inventory decreased by 25%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes have not changed. Over 0 listings were sold over their listed price in November 2022 in Gloucester Township, NC. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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