Gloucester Township, NJ Real Estate Market Update
January 26, 2025 – February 1, 2025
📢 Gloucester Township, NJ real estate continues to show strength as we move through the first quarter of 2025! Whether you’re a homeowner considering selling or a buyer looking for opportunities, let’s dive into the latest market insights. 👇
🏡 Active Listings & Market Trends
✅ 73 Homes are currently on the market in Gloucester Township, NJ.
💰 Average Listing Price: $389,420
📊 Total Market Value of Active Listings: $28,038,254
Takeaway for Sellers: More inventory means more competition. If you're thinking about listing, pricing strategically and showcasing your home properly is key! 🏠✨
📉 Under Contract & Pending Sales
🚀 2 homes went Active Under Contract last week.
💲 Average Under Contract Price: $259,450
🔔 14 homes moved to Pending status last week—a strong indication that buyers are making moves!
💵 Average Pending Price: $392,718
🔥 This spike in pending sales shows that buyers are still eager and making strong offers. If you're considering selling, now is a great time!
💰 Sold Homes & Market Performance
🏡 8 Homes Sold last week in Gloucester Township, NJ.
📈 Average Sold Price: $303,488
💲 Total Value of Homes Sold: $2,427,900
📏 Average Price per Sq Ft: $218.81
📅 Average Days on Market: 24 Days
🎯 Sellers received on average 0.55% OVER asking price!
💡 What This Means for Sellers: Homes are still moving relatively quickly, and some are selling above list price! Smart pricing and great marketing are key in this market. 📸🔥
🏠 Property Features Breakdown
- 7 sold homes were detached, single-family homes
- 1 sold home was an end-unit townhome
- 5 homes had basements
- 5 homes had garages
🏦 Loan Types Used by Buyers:
✔️ 5 Conventional Mortgages
✔️ 1 VA Loan
✔️ 2 Cash Buyers
🚫 No FHA buyers last week
🚨 Notable Market Insights
❌ No homes expired – Meaning sellers are pricing right and homes are selling!
🏦 No bank-owned properties sold last week.
🚧 No new construction homes sold.
📉 No new "Coming Soon" properties hit the market—so if you’re a seller, you have less competition right now!
💡 What This Means for YOU as a Seller
✅ Homes are still selling quickly (24 days on average).
✅ Buyers are paying strong prices, and some homes are even going over asking!
✅ Inventory remains steady, but well-priced homes continue to move.
If you're thinking of selling, now is a great time to take advantage of motivated buyers and strong market conditions! 🎯🏡
Thinking About Selling in Gloucester Township, NJ? Let's Talk!
📞 I'm Dave Sulvetta, a Gloucester Township resident and full-time real estate expert with 19 years of experience. Whether you're selling or just curious about your home’s value, I’d love to help.
📲 Call/Text: 856.889.8163
📧 Email: Dave@DaveSulvetta.com
🌎 Website: www.DaveSulvetta.com
Let’s get your home SOLD for top dollar! 💵🏡
🚀 Stay tuned for next week's market report! #GloucesterTwp #BlackwoodNJ #RealEstate #HomesForSale