Is Gibbstown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gibbstown was a Buyer's Market.
Housing Prices in Gibbstown, NJ
How much do homes in Gibbstown, NJ cost?
Median Sold Price
$285,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gibbstown was $285,000 in March 2024, up 11.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $220.5K | +19.2% |
3 Bedrooms | $250K | $276K | +10.4% |
4 Bedrooms | $287.5K | $320K | +11.3% |
5+ Bedrooms | $345K | $306.2K | -11.2% |
Summary: Gibbstown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
Paulsboro | $170K | $207.6K | +22.1% |
Greenwich Township | $253K | $284.9K | +12.6% |
Gibbstown | $256K | $285K | +11.3% |
Essington | $225K | $245K | +8.9% |
Tinicum Township | $225K | $245K | +8.9% |
Housing Supply in Gibbstown, NJ
How many homes are available in Gibbstown, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Summary: The Gibbstown real estate market had 17 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gibbstown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Gibbstown in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Gibbstown, NJ
How long does it take to sell a home in Gibbstown, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 12 Days | -72.1% |
Summary: Homes in Gibbstown had an average of 12 days on market in Mar 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Gibbstown; 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.