🏡 Gloucester Township NJ Real Estate Market Report: January 19 – January 25, 2025 📊
Welcome to this week’s Gloucester Township, NJ real estate market update! Whether you're a buyer, seller, or just keeping an eye on the local housing trends, here's everything you need to know about the latest activity in our market.
📌 Current Market Snapshot
🔹 Active Listings: 90 homes currently on the market
💰 Average Listing Price: $376,605
🏠 Total Market Value of Active Listings: $33,894,413
🔹 Homes Under Contract: 7
💰 Average Price of Homes Under Contract: $359,229
🔹 Coming Soon: 3 new properties are about to hit the market!
🔹 Pending Sales: 7 homes are currently pending
💰 Average Pending Price: $328,814
🔹 Sold Homes: 8 homes closed last week
💰 Average Sold Price: $297,500
📈 Total Value of Sold Homes: $2,380,000
💵 Average Price per Sq Ft: $187.34
⏳ Average Days on Market: 20 days
📊 Sellers Received: 0.95% over their asking price
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🏡 Financing Trends
💵 Mortgage Types Used by Buyers:
✔ 4 Conventional Loans
✔ 2 VA Loans
✔ 2 Cash Buyers
❌ 0 FHA Loans
🏦 Distressed Properties: 1 bank-owned property was sold
🚗 Home Features Breakdown
🏡 Basements: 6 homes had basements
🚗 Garages: 4 homes had garages
🏗 New Construction Sold: None
📈 What This Means for Buyers & Sellers
🔹 For Buyers: With 90 active listings, there are plenty of options in the Gloucester Township NJ real estate market. However, homes are moving quickly (20 days on average), and sellers are receiving on average a bit over-asking price. If you're in the market, be ready to act fast!
🔹 For Sellers: Inventory remains steady, and homes are selling at strong prices. With homes averaging 0.95% over their asking price, this is a great time to list if you're thinking about selling.
🏡 Thinking of buying or selling in Gloucester Township, NJ? Let's talk strategy! 📞 Contact Dave Sulvetta your local real estate expert today and make your next move with confidence.
🔥 Stay ahead of the market! Follow for weekly updates on the Gloucester Township, NJ real estate market.
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☎️ Contact Dave Sulvetta 856.889.8163