📊 Gloucester Township NJ Real Estate Market Update: Week of Oct 27-Nov 2, 2024 🏡
The Gloucester Township real estate market continues to show strength, with some interesting shifts from last week. Let's dive into the latest data! 🔍
Active Listings 🏘️
- 77 active listings (slight decrease)
- Average price: $361,917 (small dip from last week)
- Total value of listed homes: $27,867,583 (down from previous week)
Pending and Under Contract Homes 🤝
- 4 pending homes
- Average pending price: $378,700
- 7 homes active under contract
- Average list price of active under contract: $262,307
- Average price per sq ft (under contract): $159.55
Settled Homes 🎉
- 19 homes settled (significant increase!)
- Average closed price: $320,732 (decrease from last week)
- Total value of sold homes: $6,093,900
- Average price per sq ft: $185.61 (down from previous week)
- Average days on market: 21 (increase from last week)
- Sellers receiving on average 1.13% OVER asking price
Financing Breakdown 💰
- 2 FHA
- 12 Conventional
- 0 VA
- 4 Cash
- 1 Private financing
Special Sales 📉
- 1 Short sale (pre-foreclosure)
- 0 Foreclosures
Property Features 🏠
- 10 settled homes had basements
- 10 settled homes had garages
Market Conditions 📈
Gloucester Township remains a seller's market, though seasonal slowing may be starting to show. This is still great news for residents considering listing their homes soon!
Expired Listings ⏳
8 homes expired this week (ouch!)
🔑 Key Takeaways:
- Active listings and average prices slightly down
- Significant increase in settled homes
- Slight decrease in average closed price and price per sq ft
- Homes still selling above asking price
- Possible signs of seasonal market cooling
Stay tuned for next week's update on the Gloucester Township real estate market! 🏘️📊
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