Weekly Market Update Gloucester Township NJ Real Estate 🌟 (Dec 22 - Dec 28, 2024)

🎯 Gloucester Township Real Estate Snapshot

  • Active Listings: 65 homes are currently on the market, with an average price of $363,701.
    💰 Total Market Value: $23,640,571.

  • Under Contract: 2 homes are pending sale with an average price of $275,000.

  • Coming Soon: 4 new properties were added to the "Coming Soon" category last week. 🚀

  • Pending Sales: 1 home is pending with an average price of $199,000.

  • Closed Sales:

    • 9 homes sold this week at an average price of $343,322.
    • 💸 Combined Sales Value: $3,089,897.
    • 📐 Average Price Per Sq Ft: $177.56.
    • 🕒 Days on Market (DOM): Just 16.7 days—a festive pace! 🎄
    • 📉 Sellers received 0.41% below asking price on average.

  • Expired Listings: 1 home expired without selling.

  • Bank-Owned Sales: 1 bank-owned property closed last week.

🎯 Financing Trends:

  • 5 homes financed with conventional mortgages.
  • 3 FHA-backed purchases.
  • 1 cash buyer transaction. 💵

🏠 Property Features:

  • 5 homes had basements—a key feature for storage or extra space enthusiasts.
  • 6 homes boasted garages—a must-have for New Jersey winters.

🚫 New Construction: No newly built homes sold this week.

Key Takeaways 💡

📈 The market remains active as 2024 wraps up, with quick sales and competitive pricing. The average DOM at just 16.7 days shows strong buyer demand. While prices slightly dipped below asking, the Gloucester Township NJ real estate market is holding steady.

🌟 Pro Tip: If you're a seller, consider the fast-moving pace of the market. Buyers—be prepared to act quickly, especially for homes with basements or garages!

🎯 Gloucester Township Real Estate Snapshot

  • Active Listings: 65 homes are currently on the market, with an average price of $363,701.
    💰 Total Market Value: $23,640,571.

  • Under Contract: 2 homes are pending sale with an average price of $275,000.

  • Coming Soon: 4 new properties were added to the "Coming Soon" category last week. 🚀

  • Pending Sales: 1 home is pending with an average price of $199,000.

  • Closed Sales:

    • 9 homes sold this week at an average price of $343,322.
    • 💸 Combined Sales Value: $3,089,897.
    • 📐 Average Price Per Sq Ft: $177.56.
    • 🕒 Days on Market (DOM): Just 16.7 days—a festive pace! 🎄
    • 📉 Sellers received 0.41% below asking price on average.

  • Expired Listings: 1 home expired without selling.

  • Bank-Owned Sales: 1 bank-owned property closed last week.

🎯 Financing Trends:

  • 5 homes financed with conventional mortgages.
  • 3 FHA-backed purchases.
  • 1 cash buyer transaction. 💵

🏠 Property Features:

  • 5 homes had basements—a key feature for storage or extra space enthusiasts.
  • 6 homes boasted garages—a must-have for New Jersey winters.

🚫 New Construction: No newly built homes sold this week.

Key Takeaways 💡

📈 The market remains active as 2024 wraps up, with quick sales and competitive pricing. The average DOM at just 16.7 days shows strong buyer demand. While prices slightly dipped below asking, the Gloucester Township NJ real estate market is holding steady.

🌟 Pro Tip: If you're a seller, consider the fast-moving pace of the market. Buyers—be prepared to act quickly, especially for homes with basements or garages!

Contact Dave Sulvetta ☎️ 856.889.8163

Search All Gloucester Twp NJ Homes for Sale

Valleybrook Blackwood NJ Homes for Sale