Gloucester Twp NJ Real Estate Market Report 🏡💰
January 26 – February 1, 2025
As we enter February 2025, the Gloucester Township NJ real estate market continues to show strength 📈, with rising home prices and steady buyer demand. Blackwood NJ led the week in sales, and we saw a noticeable increase in price per square foot! If you’re in the market to buy or sell, let’s dive into the latest trends! 🔥
📊 Market Snapshot: Gloucester Township NJ
🏡 Active Listings: 75 homes currently for sale
💲 Average Active Price: $388,863 ⬆ (up from last week!)
📊 Total Market Value of Active Listings: $29,164,724
💡 Insight: The average active home price has increased significantly, signaling stronger seller confidence and rising property values.
🔄 Homes Under Contract & Pending
✅ Homes Under Contract: 5
💲 Average Price of Homes Under Contract: $370,740
⏳ Pending Sales: 10 homes moving toward closing
💰 Average Pending Price: $362,497
🚀 Coming Soon!
🔜 New "Coming Soon" Listings: 2 fresh properties hitting the market soon!
🏡 Closed Sales & Pricing Trends
✅ Homes Sold Last Week: 8
💲 Average Sold Price: $303,488
📊 Total Volume of Sold Homes: $2,427,900
📐 Average Price per Sq Ft: $218.75 ⬆ (considerably up!)
⏳ Days on Market (DOM) Average: 24 days
💰 Sellers’ Closing Power: Homes sold for 0.55% ABOVE asking price!
💡 Key Takeaway: Home values are rising, and buyers are willing to pay more per square foot than in previous weeks.
🏡 Financing Breakdown for Sold Homes
✔ 5 Conventional Loans
✔ 2 Cash Buyers 💵
✔ 1 VA Buyer 🇺🇸🏡
❌ 0 FHA Loans
🏠 Features of Sold Homes
🏠 Basements: 5 homes had basements
🚗 Garages: 5 homes had garages
🚧 New Construction Sold: 0
📍 Blackwood NJ & Sicklerville NJ Sales Trends
📌 Blackwood NJ led the week in sales with 5 homes sold 🏡💼
📌 Sicklerville NJ (08081 area) saw 2 homes closed
💡 Neighborhood Insight: Blackwood NJ remains one of the most active and desirable markets in Gloucester Township NJ. If you’re thinking about selling in Blackwood, now is a great time!
📉 Expired Listings & Bank-Owned Sales
🏦 Bank-Owned Homes Sold: 0
📉 Expired Listings: 0
💡 Market Strength: No expired listings indicate that homes are still selling and that pricing strategies remain effective.
📢 What This Means for Buyers & Sellers
📢 For Sellers: The average price per square foot has jumped, and homes are still selling above asking price. If you’re considering selling, rising home values make this a great time to list! 💰🔥
📢 For Buyers: Prices are rising, and homes are spending a little longer on the market (24 days on average), giving you slightly more time to make your move. However, price per sq. ft. is up—so waiting could cost you more! 📈🏠
📢 For Investors: No bank-owned homes sold this week, indicating that the distressed property market is tightening.
🏡 Looking to Buy or Sell in Gloucester Township NJ or Blackwood NJ? Let’s talk! Home values are rising, and opportunities are waiting. Please Give Me A Call 📞856.889.8163 or Email Dave@DaveSulvetta.com
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📍 The Gloucester Township NJ Real Estate Market is moving fast! If you need a personalized market analysis, let’s connect today! 🚀
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