**Gloucester Township, NJ Real Estate Market Update: September 29 – October 5, 2024 🏡**

The Gloucester Township real estate market continues to show steady activity as we move into October! Here's a breakdown of the latest market performance:

- **3 New Listings Coming Soon to Gloucester Township** 🌟

- **82 Active Listings** with an average price of **$369,078** and a total market value of **$30,264,427**.

- **8 Homes Active Under Contract** and **6 Homes Pending** 🏠

- **10 Homes Closed** last week with an average sales price of **$429,700**, totaling **$4,297,000** in sales 💰

### Key Metrics: Gloucester Twp NJ

- **Sellers' Performance**: Homes are selling for **1.05% above asking price** on average, indicating continued demand and strong competition in the market 📈.

- **Speed of Sale**: The average **Days on Market (DOM) was just 14.6 days**, meaning the homes that settled are presently moving **fast**! ⏳

- **Price Per Square Foot**: The average price per square foot for sold homes was **$196.85**, highlighting the growing value in Gloucester Township real estate.

### Market Trends:

This week’s update reflects a **balanced yet fast-paced market** with attractive opportunities for both buyers and sellers. The low DOM signals that homes are selling quickly, while the increase in average sale price and price per square foot suggests slightly rising home values 📊. Buyers should act swiftly, while sellers can continue to expect favorable outcomes in terms of both speed and price. 

📍#GloucesterTownshipRealEstate #DaveSulvettaGloucesterTwpNJRealEstate #HomesforsaleinGloucesterTownshipNJ #GloucesterTownshipNJhousesforsale 

Optimize your real estate strategies by staying informed! The Gloucester Township market is **hot**, and whether you're buying or selling, these trends can help you make the best decisions in this fast-moving environment.

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