Gloucester Township NJ Real Estate Market Report: January 1 – January 19, 2025 🏡✨

gloucester twp nj real estate

Hello, Gloucester Township neighbors! 👋 I’m Dave Sulvetta, a proud resident of Gloucester Township and a 19-year full-time real estate agent. I’m excited to bring you the latest Gloucester Township NJ real estate market insights for the first few weeks of 2025. Let’s dive into the numbers and trends shaping our local market. 📈

📊 Market Highlights

  • Active Listings: There are currently 92 active listings in Gloucester Township with an average price of $372,680. Collectively, these homes represent an impressive market value of $34,286,591. 🏠
  • Active Under Contract:
    • 8 homes are under contract with an average price of $284,313. Buyers are eager to secure these properties early in the year!
  • Pending Sales:
    • A strong pipeline with 46 pending homes, showcasing an average pending price of $351,881. When those homes go to settlement, that will be an additiional $16,186,527 sold in Gloucester Twp NJ! 💥

📅 Market Activity (Jan 1 – Jan 19, 2025)

  • Coming Soon: 🚪 1 new property entered the "Coming Soon" category last week. Stay tuned for fresh inventory!
  • Sold Homes:
    • 11 homes settled since January 1 with an average closed price of $338,773. 💰
    • The total value of these sales was $3,726,500.
    • Sellers achieved 2.04% additional of their asking price, indicating a strong seller’s market.
    • The average price per square foot was $184.12.
    • Days on Market (DOM): Homes sold in an average of just 13 days, reflecting high demand and competitive offers. 🏃‍♂️💨

🏠 Property Features in Demand

  • Basements: 5 of the sold homes offered basements, providing extra living and storage space. 📦
  • Garages: 7 homes had garages, a must-have for many buyers seeking convenience and added value. 🚗
  • Mortgage Breakdown:
    • 8 conventional loans
    • 1 VA loan
    • 1 FHA loan
    • 1 cash buyer 💵
  • Expired Listings: No homes expired during this period, a testament to the market’s strength. 💪
  • Bank-Owned Properties: None sold, signaling a healthy and stable market. ✅
  • New Construction: No new construction homes were sold, highlighting opportunities for future builders.

💡 Market Insights

This has been a tremendous start to 2025 for the Gloucester Township NJ real estate market! Inventory remains active, with 92 homes available, and both buyers and sellers are moving swiftly. Homes are selling above asking price on average, and with a 13-day average DOM, it’s clear that buyers are jumping at opportunities.

📍 Why Choose Dave Sulvetta?

As a longtime resident and 19-year veteran of real estate, I know Gloucester Township like the back of my hand. Whether you’re buying or selling, I’m here to guide you every step of the way. Let’s make your real estate goals a reality in 2025! 🌟

🏘️ Let’s Connect!

Have questions about the Gloucester Township NJ real estate market or need expert advice? Reach out today! Together, we can make your next move the best one yet. 📞✨ Contact Dave 856.889.8163 

🌟 Gloucester Township NJ Real Estate – Your Market, Your Home, Your Success! 🏡

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