Is Glassboro, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glassboro has remained a Seller's Market.
Housing Prices in Glassboro, NJ
How much do homes in Glassboro, NJ cost?
Median Sold Price
$339,966
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Glassboro was $339,966 in April 2024, up 19.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $238K | $259K | +8.8% |
3 Bedrooms | $280K | $325K | +16.1% |
4 Bedrooms | $315K | $385K | +22.2% |
5+ Bedrooms | $355K | $390K | +9.9% |
Summary: Glassboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Pitman | $265.7K | $320K | +20.4% |
Glassboro | $284K | $339.9K | +19.7% |
Elk Township | $300.5K | $350K | +16.5% |
Sewell | $347.5K | $360K | +3.6% |
Harrison Township | $506K | $524K | +3.6% |
Housing Supply in Glassboro, NJ
How many homes are available in Glassboro, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 85 | +19.7% |
Summary: The Glassboro real estate market had 85 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 5 | 12 | +140.0% |
Summary: The Glassboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Glassboro in April 2024, down by 9.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 26 Days | -63.0% |
Summary: Homes in Glassboro had an average of 26 days on market in Apr 2024, down by 63% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Glassboro; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.