Last year this exact week - 17 homes sold   Average price $229,971  Volume $3,909,500   Average DOM 30

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Although we are seeing very low/record-low inventory across the United States and locally, the real estate market in Gloucester Township NJ remained active during the week from Monday, March 6 to Sunday, March 12. According to recent statistics, only 8 new residential listings became active during that week.

Additionally, 13 homes went pending during the week, indicating that there is still strong demand from buyers in the market. This is a good sign for sellers who are looking to list their homes in the coming weeks or months.

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During the same period, 6 homes settled, which is an encouraging sign for both buyers and sellers. However, compared to last year this time period, 17 Homes settled. The average sold price for homes in Gloucester Township was $261,918, which suggests that homes in the area are selling at a reasonable price point. The average sold price from this time period last year was $229,971. Lack of inventory is a good issue for people listing their home now. 

The total sold market volume for the week was $1,571,508, which is a 2.733% INCREASE from the original list price and an indication that although there is very low inventory, the real estate market in Gloucester Township remains active. This is good news for both buyers and sellers, as it suggests that there are opportunities for both parties to make successful transactions.

 

Overall, the real estate market in Gloucester Township, NJ remains strong (price-wise), however, the low inventory does affect supply and demand. Buyers should act quickly if they see a property that meets their needs, while sellers can feel confident in listing their homes in the current market.

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The average Days on Market is 29. only one banked-owned property was in the mix for the past week. 3 Sellers gave concessions to buyers.
 

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Search all homes for sale in Gloucester Township NJ

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Check out Monthly Gloucester Twp Statistics

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Below are the present (national) Average 30-year fixed interest rates

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