Gloucester Township, NJ Real Estate Market Report

Week of December 1 – December 7, 2024 🏠

📊 Market Overview:

  • Active Listings: 80 homes

    • Average Price: $357,374
    • Total Market Value: $28,589,883

  • Under Contract: 4 homes

    • Average Price: $340,475

  • Coming Soon: 2 properties

  • Pending Sales: 6 homes

    • Average Price: $329,381

💼 Closings:

  • Homes Sold: 13 (📈 an increase from the previous week!)

    • Average Closed Price: $362,538
    • Total Value of Sold Homes: $4,713,000
    • Average Price per Sq Ft: $176.42

  • Days on Market: 30 days (Seasonal trends in play!)

🔎 Market Insights:

  • Sellers received 0.78% below asking price on average.
  • Expired Listings: 2 homes
  • Bank-Owned Properties Sold: None
  • Seller Concessions: None offered

💰 Buyer Financing:

  • Conventional Loans: 6 buyers
  • FHA Loans: 5 buyers
  • VA Loans: 2 buyers
  • Cash Buyers: None

🏠 Home Features:

  • 8 homes with basements
  • 6 homes with garages

What This Means for Buyers & Sellers 🤔

  • Sellers: The market remains active as we move into December, with homes selling slightly below asking but maintaining steady demand. Prepare for competitive pricing to ensure a faster sale.

  • Buyers: Inventory is robust, and diverse financing options are making it easier to step into your dream home. Be prepared to act quickly in this seasonally busy market!

✨ Real estate is a local game, and Gloucester Township is a market to watch. Let’s make your next move your best one!

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Contact Dave Sulvetta Gloucester Twp NJ Realtor 📲856.889.8163