Is Gloucester City, 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, Gloucester City has remained a Seller's Market.
Housing Prices in Gloucester City, NJ
How much do homes in Gloucester City, NJ cost?
Median Sold Price
$203,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gloucester City was $203,000 in April 2024, up 9.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $113K | +222.9% |
2 Bedrooms | $152.5K | $188.9K | +23.9% |
3 Bedrooms | $191K | $200K | +4.7% |
4 Bedrooms | $219K | $236K | +7.8% |
5+ Bedrooms | $170K | $245K | +44.1% |
Summary: Gloucester City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 222.9%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 44.1%.
Median Sold Price Compared To Nearby Cities
Camden | $98K | $125K | +27.6% |
Brooklawn | $175.1K | $210.5K | +20.2% |
Mount Ephraim | $245K | $287K | +17.1% |
Gloucester City | $185K | $203K | +9.7% |
Haddon Township | $390K | $421.5K | +8.1% |
Housing Supply in Gloucester City, NJ
How many homes are available in Gloucester City, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Gloucester City real estate market had 54 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Gloucester City 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 increased by 40%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Gloucester City in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Gloucester City, NJ
How long does it take to sell a home in Gloucester City, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 29 Days | +66.1% |
Summary: Homes in Gloucester City had an average of 29 days on market in Apr 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Gloucester City; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.