Is Gloucester County, 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, Gloucester County was a Seller's Market.
Housing Prices in Gloucester County, NJ
How much do homes in Gloucester County, NJ cost?
Median Sold Price
$315,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gloucester County was $315,000 in March 2024, up 8.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146K | $144K | -1.4% |
2 Bedrooms | $211.6K | $240K | +13.4% |
3 Bedrooms | $275K | $300K | +9.1% |
4 Bedrooms | $421.2K | $424.9K | +0.9% |
5+ Bedrooms | $440.7K | $435K | -1.3% |
Summary: Gloucester County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Counties
Salem County | $223.9K | $250K | +11.6% |
Gloucester County | $290.6K | $315K | +8.4% |
Camden County | $284.9K | $308.5K | +8.3% |
Delaware County | $319.2K | $331.8K | +3.9% |
Philadelphia County | $272.2K | $257.5K | -5.4% |
Housing Supply in Gloucester County, NJ
How many homes are available in Gloucester County, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,355 | 1,382 | +2.0% |
Summary: The Gloucester County real estate market had 1,382 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 25 | +19.0% |
2 Bedrooms | 214 | 213 | -0.5% |
3 Bedrooms | 613 | 605 | -1.3% |
4 Bedrooms | 405 | 425 | +4.9% |
5+ Bedrooms | 102 | 114 | +11.8% |
Summary: The Gloucester County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
203 | 186 | -8.4% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Summary: A total of 186 homes were sold or pending in Gloucester County in March 2024, down by 8.4% month-over-month. Of the 185 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Gloucester County, NJ
How long does it take to sell a home in Gloucester County, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 33 Days | +5.8% |
Summary: Homes in Gloucester County had an average of 33 days on market in Mar 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 186 homes were sold in Gloucester County; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.