Is Gibbstown, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gibbstown was a Neutral Market.
Key Takeaway
Gibbstown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gibbstown, NJ
How much do homes in Gibbstown, NJ cost?
Median Sold Price
$288,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gibbstown have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Gibbstown was $288,000 in April 2024, up 13.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.5K | $220.5K | +20.8% |
| 3 Bedrooms | $250K | $277K | +10.8% |
| 4 Bedrooms | $285.2K | $315K | +10.4% |
| 5+ Bedrooms | - | $306.2K | N/A |
Summary: Gibbstown 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 20.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Paulsboro | $171.5K | $205.1K | +19.6% |
| Greenwich Township | $250K | $285K | +14.0% |
| Gibbstown | $253K | $288K | +13.8% |
Housing Supply in Gibbstown, NJ
How many homes are available in Gibbstown, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Gibbstown real estate market had 8 homes for sale in April 2024, a 11.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gibbstown 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 decreased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibbstown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Gibbstown in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 258 Days | +347.4% |
Summary: Homes in Gibbstown had an average of 258 days on market in Apr 2024, up by 347.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gibbstown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Gibbstown; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
