Is Gibbsboro, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gibbsboro is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Gibbsboro has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Gibbsboro, NJ

How much do homes in Gibbsboro, NJ cost?

Median Sold Price

$310,000

$184/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$27,000(+9.5%)

Key Takeaway

Homes in Gibbsboro have sold for 9.5% more than they did a month ago.

Summary: The median home sold price in Gibbsboro was $310,000 in September 2024, up 9.5% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $190K$310K
+63.2%
4 $376K-
N/A
5+ --
N/A

Summary: Gibbsboro housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 63.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Gibbsboro, NJ

How many homes are available in Gibbsboro, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2022+10.0%

Summary: The Gibbsboro real estate market had 22 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 65
-16.7%
4 79
+28.6%
5+ 33
0.0%

Summary: The Gibbsboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21-50.0%

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 Gibbsboro, 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 Gibbsboro in September 2024, down by 50.0% 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 Gibbsboro, NJ

How long does it take to sell a home in Gibbsboro, NJ?

Average Sale Time

Aug 2024Sep 2024CHANGE
17 Days15 Days-11.8%

Summary: Homes in Gibbsboro had an average of 15 days on market in Sep 2024, down by 11.8% compared to last month.

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 Gibbsboro are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Gibbsboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Gibbsboro, NJ

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