🏡 Gloucester Township, NJ Real Estate Market Report 📊

For the Week of October 13 - October 19, 2024 📅

📈 Market Overview:

Gloucester Township's housing market continues to show dynamic activity as we head further into October. Below are the key statistics that define the current landscape:

🔜 Upcoming Listings:

• Coming Soon: 2 new listings set to enter the market soon!

• 🏠 Active Listings:
• Total Active Homes: 82
• Average List Price: $360,107

• 🔐 Pending Sales:
• Pending Homes: 9
• Average Pending Price: $332,078

• 🏡 Settlements:
• Homes Sold Last Week: 7
• Average Sale Price: $396,286
• Total Volume of Sales: $2,760,000

• ⏳ Market Duration: DOM
• Average Days on Market: Just under 28 days

• ❌ Expired Listings:
• Expired Without Sale: 2 homes

• 📏 Price Per Square Foot:
• Average Sq. Ft. Price of Sold Homes: $207.26

• 📉 Seller Profits:
• Average Seller's Gain: Over 3.82% this week!

🔍 Analysis:
The Gloucester Township market is demonstrating strong activity with ongoing buyer interest. The average list price remains robust at $360,107, while the selling prices are outperforming pending prices, suggesting healthy negotiations and demand for homes in the area.

The average days on market and the limited expired listings indicate a competitive environment, with properties moving relatively quickly. Additionally, with sellers enjoying a net gain of over 3.82%, the current market favors those looking to list their homes.

Stay tuned for weekly updates as the market continues to evolve! 🌟 #GloucesterTownship #RealEstateMarket #HousingTrends

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Contact Dave 856.889.8163