Is Gloucester Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Gloucester Township has remained a Seller's Market.
Housing Prices in Gloucester Township, NJ
How much do homes in Gloucester Township, NJ cost?
Median Sold Price
$309,479
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gloucester Township was $309,479 in March 2024, up 9.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $135K | +39.2% |
2 Bedrooms | $168K | $205K | +22.0% |
3 Bedrooms | $280K | $299.6K | +7.0% |
4 Bedrooms | $350K | $380.6K | +8.8% |
5+ Bedrooms | $400K | $467.5K | +16.9% |
Summary: Gloucester Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.2%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
Stratford | $260K | $290K | +11.5% |
Gloucester Township | $283.1K | $309.4K | +9.3% |
Washington Township | $335K | $357.3K | +6.7% |
Blackwood | $300K | $319.1K | +6.4% |
Housing Supply in Gloucester Township, NJ
How many homes are available in Gloucester Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
267 | 293 | +9.7% |
Summary: The Gloucester Township real estate market had 293 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 33 | 34 | +3.0% |
3 Bedrooms | 124 | 144 | +16.1% |
4 Bedrooms | 85 | 86 | +1.2% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Gloucester Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 50 | +51.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Gloucester Township in March 2024, up by 51.5% month-over-month. Of the 50 sold homes, 32% were sold under asking, 30% were sold at asking, and 38% were sold over asking.
Days on Market for Gloucester Township, NJ
How long does it take to sell a home in Gloucester Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 44 Days | +42.8% |
Summary: Homes in Gloucester Township had an average of 44 days on market in Mar 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 50 homes were sold in Gloucester Township; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.