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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glassboro is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Glassboro has remained a Seller's Market.

Key Takeaway

Glassboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Glassboro, NJ

How much do homes in Glassboro, NJ cost?

Median Sold Price

$381,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$61,000(+19.1%)

Key Takeaway

Homes in Glassboro have sold for 19.1% more than they did a year ago.

Summary: The median home sold price in Glassboro was $381,000 in October 2024, up 19.1% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$81K
N/A
2 $244K$259.5K
+6.4%
3 $307.5K$384.9K
+25.2%
4 $328.7K$410K
+24.7%
5+ $367.4K$395K
+7.5%

Summary: Glassboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Cities

Glassboro
+19.1%
Harrison Township
+13.4%
Pitman
+7.5%
Sewell
+2.7%

Housing Supply in Glassboro, NJ

How many homes are available in Glassboro, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9295+3.3%

Summary: The Glassboro real estate market had 95 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 913
+44.4%
3 4651
+10.9%
4 2323
0.0%
5+ 138
-38.5%

Summary: The Glassboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 38.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1922+15.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glassboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Glassboro in October 2024, up by 15.8% month-over-month. Of the 22 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.

Days on Market for Glassboro, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days46 Days+248.2%

Summary: Homes in Glassboro had an average of 46 days on market in Oct 2024, up by 248.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 22 homes were sold in Glassboro; 50% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 9% 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 11 Days Ago

Newest Listings in Glassboro, NJ

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