Introduction:
The real estate market is ever-evolving, impacted by various factors, from economic conditions to buyer preferences. In this article, we will compare the real estate market data from January 1, 2022, through August 31, 2022, and the same dates in 2023, with a particular focus on the number of homes sold, average days on the market, average sold price, and buyer financing methods. By examining these trends, we can gain valuable insights into the market's performance and identify potential shifts. This data is from BrightMLS and may have errors but is deemed reliable. This is also only for Gloucester Township NJ for the dates 1/1/2022- 8/31/2022 and 2023 the same time frame.
Search all Gloucester twp NJ homes for Sale
Housing Market Trends in 2022:
In 2022, the housing market in all of Gloucester Twp NJ saw a total of 649 homes sold between January 1 and August 31. Buyers were keen on making quick moves, with an average days-on-market of just 25 days. The average sold price stood at $279,153, while the average list price was slightly lower at $270,089. This trend indicated a healthy market demand, with prices reaching around 3% above the initial asking price on average.
Buyer Financing in 2022:
Analyzing the buyer financing methods reveals interesting insights into the market landscape. Out of the homes sold, 110 buyers paid in cash. Conventional mortgages were the second most popular financing option, with 331 buyers opting for this route. Additionally, 152 buyers utilized FHA loans, and 41 buyers went through the VA loan process. The remaining buyers fell under the "other" category.
Real Estate Market Outlook for 2023:
As we transition into 2023, certain shifts become apparent within the real estate market. From January 1 to August 31, the number of homes sold decreased to 455, suggesting a potential slowdown in market activity. There is a few reasons for this. Rising interest rates, or home sellers are just concerned that won't find another home to move to and they're not willing to give up their interest rate. The average days-on-market also increased to 32, indicating that homes were taking slightly longer to sell. I believe buyers are starting to "second guess" home prices.
Impact on Average Sold and List Prices:
Despite the decline in the number of homes sold, the average sold price experienced a notable increase, rising to $293,521 in 2023. Simultaneously, the average list price increased to $290,311, which meant that sellers were receiving offers approximately 1% above their initial asking price. This may indicate a potential indication that the market is approaching a peak.
Changing Buyer Financing Preferences:
When examining the buyer financing methods in 2023, a notable shift can be observed. While the number of cash buyers decreased to 87, the popularity of conventional mortgages decreased, (of course we have less homes sold) with 216 buyers opting for this financing method. Additionally, 119 buyers utilized FHA loans, and 19 buyers turned to VA loans. The remaining buyers fell under the "other" category, showcasing a varied range of financing options.
Conclusion:
The real estate market is influenced by various factors, driving its fluctuations and shaping trends. Comparing data from January 1, 2022, through August 31, 2023, enables us to identify significant changes in the market. In 2022, we witnessed robust activity with a high number of homes sold, quick transactions, and prices consistently exceeding the asking price. However, in 2023, we noticed a decline in the number of homes sold, longer days-on-market, and a potential plateau in average sold prices. These changes suggest that the market may be approaching a peak, calling for cautious observation and analysis as we move forward.
Search all Blackwood NJ homes for sale
Contact Dave Sulvetta dave@davesulvetta.com
or 856.889.8163
Welcome to this 1st-floor unit in the sought-after Players Place Community! Enter through a tiled foyer with a convenient coat closet. The living and dining areas feature...
Welcome to this charming 4-bedroom, 2-bath Cape Cod home located in the heart of Gloucester Township. As you approach, you'll be greeted by a cozy front porch, perfect fo...
Welcome to 29 Jonquil Way in Sicklerville! This spacious 4-bedroom, 2.5-bathroom home is a gem, offering comfort and style in a convenient location. The eat in kitchen is...
Welcome to 11 Mill Court in Gloucester Twp. Check out this beautifully renovated 2-story home. Let's start with the curb appeal ...love the brick front and the court loca...
Welcome to 7 Diana Dr. A rare find tucked on a quiet cul-de-sac situated on approximately 1/2 acre backing up to trees. Close to restaurants, shopping & Rt.42. Originall...
Clean as a whistle second story condo with 2 bed 1 bath. Large loft with bedroom and two large closets. Main floor has cathedral ceilings in the living room. Full bath i...
Welcome to your new recently renovated home located in LaCascata. The interior of this unit boasts of a new HVAC (February 2024), fresh paint, new floors, and a brand ne...
Lovely Bungalow on Corner Lot Has 3-4 Bedrooms & 2 Full Bathrooms. Big 2 Car Detached Garage Has Electric. Large Fenced Yard. Fence Is Newer. New Above Ground Pool. She...
Coming Soon! Charming Suburban Retreat in Glen Oaks! Discover the perfect blend of comfort and convenience in this well-maintained 4-bedroom home located in the desirabl...
PICS & DESCRIPTION TO FOLLOW SHORTLY
Perfect blend of convenience and comfort at 14 Argyle Ave in Blackwood NJ! When you enter you'll notice the new floors throughout which gives the home a nice flow. Living...
Welcome to 1600 Lawncrest Lane in the charming town of Clementon, NJ! This stunning end-unit townhouse sits on a desirable corner lot, offering both privacy and curb appe...
Welcome home to this beautifully renovated rancher that sits on one of the biggest lots in the neighborhood. Conveniently located as you're right up the street from the b...
Discover this beautifully maintained 3-bedroom, 2.5-bathroom Colonial in Broadmoor West situated on a desirable corner lot. This welcoming home features a lovely front po...
Beautiful home in your own little neighborhood of Mayfair Meadows. This light and bright home has been stylishly updated and lovingly maintained. The LVP floors flow th...
Discover your dream home in this energy-efficient, solar-powered brick Rancher, where modern convenience meets classic charm! Featuring 3 spacious bedrooms and 1.5 baths,...
Bring Your Paint Brushes & Gain Sweat Equity When You Buy This 3 Bedroom, 2.5 Bath Three Story Town Home. One Car Attached Garage Has Newer Garage Door. Garage Door Opene...
Original owner says it's time to "SELL" the family home! This charming 3 bedroom, 1 bath rancher has a great floor plan for just starting out, relocating or downsizing. ...
Home Sweet Home! Lovely 3 Bed 2.5 Bath Ranch with Finished Basement, Primary Suite, and In-Ground Pool in the Blackwood Gardens section could be the one for you! Excellen...
Stunning condominium in an over 55 community. This end unit on the 1st floor is move-in ready. Come experience the luxury of Highland Estates. Features include open floor...
Check out this beautiful expanded ranch home ! The majority of this home was renovated just a few years ago... including kitchen, roof, HVAC ,bay window, bathrooms, flo...
Beautiful REMODELED Bi-Level home just hit the market! Check out this spacious home. You will love the updated finishes from the flooring to the lighting fixtures. The ...
Welcome to 161 Kelly Driver Rd. This well maintained, 4 bedroom, 2 bath home offers a great space in a convenient location. The main level showcases the living room with ...
Welcome home to this 5 bedroom, 2 ½ bathroom restored Colonial Farmhouse situated on 1.53 Acres. This home has all the modern finishes you’re looking for; but, has preser...
Discover a rare opportunity in Glendora! This stunning 3/4-acre ready to build lot offers the perfect blend of tranquility and convenience. The last lot on a dead end s...
Simple living at its finest with this cozy, 1 bedroom 1 bath condo in La Bonne Vie. Enjoy the private, front porch for your morning coffee, or unwinding after a long day ...
Welcome to this stunning end-unit townhome in the desirable Villages at CrossKeys neighborhood of Gloucester Township, offering 3 bedrooms, 2.5 baths, and a fenced backya...
Welcome to 29 Essex Ave! This charming 2-story Colonial, built in 2004, is just waiting for its new owner to call it "Home." Featuring 3 spacious bedrooms and 2.5 baths, ...
Welcome to this inviting 2 bedroom, 2 bath home in the sought-after Four Seasons at Forest Meadows, a premier 55+ community in Sicklerville. As you arrive, you’ll appreci...
Welcome to your dream home! This move-in-ready gem in Cobblestone Farms combines comfort and style in a bright, airy space that will steal your heart. Step into the 2-sto...
Welcome to 514 W Evesham Road, a beautifully renovated gem nestled in the heart of Glendora. This delightful property boasts a spacious lot, providing plenty of outdoor s...
Welcome Home! This wonderful property located in desirable Woodshire Mews, Gloucester Township, is move-in ready. All you have to do is pack your bags! This bi-level i...
Updated Rancher, Coming Soon. More details to follow and Professional Photography to be uploaded. The home is being sold As-Is, the sellers will make no repairs.
Beautiful remodeled Cape Cod! Professional photos and description COMING SOON!!! This home will be available Saturday October 5th from 11:00am-1:00pm
**Open House Sunday Oct.6 11:00-2:00pm**Welcome to your dream home in Sicklerville! Located in a Cul-De-Sac, this impressive 4-bedroom home boasts the potential for 5th a...
**Eligible for a 1st time Homebuyer Program--1% discounted rate PLUS $6,000 lender credit!!** Charming 3-Bedroom, 2.5-Bath Single Family Home in Sicklerville, NJ Welcom...
Score a touchdown with this ranch! With its single-level layout, this home is ideal for those seeking easy living. This home is a true gem, the perfect blend of comfort a...
** Bidding starts at $300,000 Auction Alert: Incredible Investment Opportunity for Developers!** This is a fantastic chance to invest in three separately deeded lots. Th...
Welcome to 303 La Cascata, located in Gloucester Twp NJ. This home is extremely well kept, by the long-term home owner. The entrance and rear egress are both upgraded. ...
1st thing is check out the virtual tour and walk through ***** Your new spacious home is waiting for you to move in for the holidays. This beautiful home has an open floo...
WOW!!! Check out this gorgeous 2-story contemporary home in Gloucester township's desirable WYE OAK section. This home has so much to offer including a true IN-LAW SUITE ...
Expanded rancher with 2 car garage on a large corner lot featuring 3 bedrooms, 2 full baths, den, basement and deck. Living room with hardwood floors, big eat-in kitchen ...
Congrats! You found the one you have been looking for! This 3 bed 2.5 bath single detached home sits on a tucked away cul-de-sac in Gloucester Twp. I found myself thinkin...
OPEN HOUSE SUNDAY 9/15 FROM 12 - 3 PM. We will have a local lender on hand to help answer any questions or pre qualify clients. GREAT opportunity for a 203K loan to imp...
Wow. Take a look at this awesome 4 bedroom 2.5 bath home with a separate entrance in-law suite in Glendora NJ. The main floor of the home features living room, dining roo...
Your search is over! Welcome to Your Dream Home! This is a beautiful corner property in a great location with 4-bedrooms, 2 full baths, and 1 half bath home in desired Si...
Welcome to 1720 Chews Landing Road, a charming 3-bedroom, 2-bathroom home that offers endless potential for the savvy investor. Nestled in a peaceful neighborhood, this p...
Situated in an EXCELLENT LOCATION, your HOME SWEET HOME awaits you in this GORGEOUS 4 BEDROOM 2.5 BATH COLONIAL STYLE home in Sicklerville, NJ. OFFERING A PRIVATE, FULLY ...
Coming Soon! Welcome to this charming, recently updated 2-bedroom, 1-bathroom townhome. As you step inside, you will discover newly installed floors throughout, creating...
Located in the Spring Valley community, this remarkable colonial with in-ground pool as part of a spacious enclosed back yard with an interior to satisfy all interested. ...
This beautifully renovated 4-bedroom, 1.5-bathroom home offers the perfect blend of modern finishes and cozy charm, making it an ideal space for families or those seeking...
Look no further! If you are hoping for a place that offers a main level bedroom on the first level, updated interiors and minutes to major roads, shopping and dining opti...
Welcome to this home centrally located within walking distance to Downtown Blackwood. On one end of the block you have the 2.7 mile long Gloucester Township Health and F...
Welcome Home! Located on a peaceful street in the highly desirable Senators Walk community, this beautifully kept 4-bedroom, 2.5-bath colonial-style house has all the fea...
Price Drop! Cash Investor Alert! Duplex for sale in busy Gloucester Township! Currently tenant occupied on month-to-month leases and each unit rents for $1,450 per mont...
NEW CONSTRUCTION! (currently under construction) Welcome to Primrose Lane! This mature development extension features 7 new homesites nestled on a quiet cul-de-sac. 24 ...
Ideal living situation for 2 families to live comfortably.. Perfect for blended families/in-laws/grown children/care takers or work from home. Lower level has handicap a...
WOW! Schedule your appointment today to see this NEWLY renovated 4 Bedroom, 2 Full Bathrooms, 1,845 Square Foot Single Family Home in the much desired Glen Oaks Developme...
Get ready to move into this charming 3-bedroom rancher that has everything you’ve been searching for. Featuring spacious bedrooms, a large living room, and a fenced-in ba...
Incredible investment opportunity! A single-family home on a corner lot of dead-end street Geneva & busy Almonesson. This property boasts a former storefront onto Almones...
Investor special! We do have drawings available but they have not been approved by the township yet. Watch your step when going through the house. Buyer responsible for t...
Three bedroom one bathroom rancher In Clementona Gloucester Township. Kitchen, tile floor, fenced in yard, woodstove Large deck in backyard and shed.
Price Drop! Investor Alert! Duplex for sale in busy Gloucester Township! Currently tenant occupied on month-to-month leases and each unit rents for $1,450 per month ($2...
Hurry Hurry! This home will not wait for you. This spacious home full of natural light, has four bedrooms, two full bathrooms, plus a powder room. Beautiful living area ...
1904 Doral Drive is a townhome located in the well-designed, upscale subdivision of St Andrews, a part of Valleybrook in Gloucester Township. The 3 bedroom 2 ½ bath uni...
Welcome to 139 Kelly Driver Road, a beautifully maintained 4-bedroom, 2-bathroom home nestled in a peaceful neighborhood in Clementon, NJ. This inviting property offers t...
Great opportunity to purchase this 4,000-square-foot rehabbed building fully equipped Hair Salon and spa business are being sold. This nice building can be converted in...
This is your lucky day!!! This is back on the market buyer has simply changed her mind, it was nothing to do with inspections or repairs! This stunning 3-bedroom, 2.5...
This is an absolutely stunning home featuring top-of-the-line upgrades. It boasts a brand-new roof and a state-of-the-art kitchen with stainless steel appliances. The bed...
Billboard or Cell Tower opportunity w/utility access. 31.54' on College Drive straight back to N/S Freeway, with 71' at Rt.42 N/S Freeway.
Welcome to 693 Thorny Lane! This well-loved home is perfectly poised for its new owners to move in and make it their own. This split level home features 3 bedrooms and 1....
Back on the Market! Buyer financing fell through. Welcome to your ideal home! This charming 3-bedroom, 1-bathroom rancher has been thoughtfully updated to offer modern co...
Discover the charm of 157 Jarvis Rd, a beautifully renovated gem on the sought-after Gloucester Twp side of Sicklerville. This home offers an ideal blend of modern luxury...
This is a unique opportunity for an investor/owner occupant. Property is located in the heart of downtown Blackwood which is currently undergoing township backed revital...
Here is your opportunity to buy a Great Investment Opportunity! There are double detached homes situated on one property. The front unit is vacant & the back unit is curr...
200 feet +/- on Blackwood Clementon Road. Irregular shaped lot. Rancher style house needs updating. Zoned residential but in commercial district. Very close to Highland ...
This is a 4 bedroom townhome with one full bath and a half bathroom on main level . As you enter the home living room is on the right and attached dining room . . Famil...
Move in ready 4 bedroom 2 full bathroom split level home with a beautiful backyard and above ground pool! Step inside and be amazed by the beautiful renovations. Updates ...
Everything you desire is right here in this NEWLY RENOVATED, STUNNING 4 bedroom, 2.5 bath Colonial Home in desirable Blackwood, Gloucester Township, Camden County. Welco...
Great opportunity for builder or someone looking to construct their dream home. This lot is located at the end of a cul-de-sac, offering great access to all amenities and...
Welcome to this delightful Cape Cod style home, offering a perfect blend of classic charm and modern comfort! This 3-bedroom, 1.5-bathroom residence features a cozy layou...
Welcome to 90 Peters Lane ! This property presents a wide variety of options, perfect for the farmer, small business owner, equestrian/horse enthusiast, or home owner who...
Check out this cozy 2 Bed 2 Bath Townhome in La Cascata. This property is ready for you to move right in. This home features a spacious family room, 1st floor shower and ...
BACK ON THE MARKET! (You get a second chance) Welcome to 27 Red Bank Dr, located in the Stonebridge Run section of Gloucester Township. This home is located off the Rt 4...
Open House, Sunday 10/6 from 11-1 REDUCED! Put this home on your list because it is definitely one you will not want to MISS! This beautiful historic home sits at the...
Great opportunity to purchase this 4,000-square-foot rehabbed building fully equipped Hair Salon and spa business are being sold. Enter into the 27 paved parking in the ...
Back on the Market! Buyer financing fell through. Fabulous move-in ready 3-bedroom, 1.5-bath rancher with in-ground pool in Glen Oaks neighborhood of Gloucester Township....
Seize the opportunity to view this meticulously kept, move-in-ready home in Blackwood! This four-bedroom residence has numerous upgrades. The kitchen is equipped with sta...
Move right into this newly renovated home. Features include: New kitchen, all Stainless Steel appliances, Granite countertops and tile backsplash. Newly redone flooring t...
YOU ARE GOING TO WANT TO CALL THIS ONE HOME! One story 3 bedroom, with 1.5 bath home in Gloucester Twp. school district, Who could ask for anything more. Enter into large...
GREAT 3 bedroom, 1.5 baths, with the largest lot in the development (1/2ac). Great for landscapers, etc. Only property in development where you can park in the backyard o...
A beautiful end unit townhouse in a quiet cul-de-sac located in Blackwood New Jersey. This property is a large 1,668 square foot single family home with 3 bedrooms and 2 ...
NEW CONSTRUCTION! (move in ready) Welcome to Primrose Lane! This mature development extension features 7 new homesites nestled on a quiet cul-de-sac. 26 primrose is a s...
Move right into this newly renovated home. Features include: New kitchen, all Stainless Steel appliances, Granite countertops and tile backsplash. Newly redone flooring t...
Great opportunity to purchase this 4,000-square-foot rehabbed building fully equipped Hair Salon and spa business are being sold. Enter into the 27 paved parking in the ...
Welcome to Glendora, a small community in Gloucester Twp, characterized by long term residents who love their Community. Glendora is well known for the multitude of fami...
NO HOA FEES!!!!! Welcome to 309 Cherrywood Drive, a stunning townhome nestled in the heart of Clementon, NJ. This end unit property offers both convenience and charm, bo...
Back to Active! Check out this partially paved 1.56 acre lot in Gloucester Twp's Neighborhood Commercial (NC) Zoning District. Currently used as a parking lot, this pr...
Site has been approved by Gloucester Twp. zoning board for 2 flex building totaling 6,500 sq. ft. The underlying zoning for this site is residential (R2) and can be devel...
Welcome to this home centrally located within walking distance to Downtown Blackwood. On one end of the block you have the 2.7 mile long Gloucester Township Health and F...
If you are looking for privacy, this is it!! This end unit home offers a secluded setting with a convenient location. With very minor updates, this home is move in read...
What a Gem. Move-in ready. Flexable for quick sale without contingencies. What a Gem. All rooms are generously oversized. . . Picture your business at this super ...
Tremendous location for this 4 bedroom, 2.5 bath Colonial which sits on an oversized corner lot. Home has 2 zoned heating and air, large rooms, plenty of parking, and is...
Tremendous location for this 4 bedroom, 2.5 bath Colonial which sits on an oversized corner lot. Home has 2 zoned heating and air, large rooms, plenty of parking, and ...
Great Investment on Acreage Land Deal on 1.32 acres approximately. Buyers must do their own Due diligence on Zoning and Approvals from township, it is your responsibilit...
Property is part of an up and coming Art District where Grants are offered to update the front of the property. Sold As-Is. Building has already been approved for the gra...
Amazing opportunity to own a water front lot along Dramesi Lake. You can build your custom home on a super private lot located at the end of a dead-end street. All uti...
Great location to build your dream home. No need to worry about being close to the road. Land has about a 300 foot driveway with 35 ft. of road frontage. Over an acre o...
© 2024 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.