Gloucester Twp NJ Market Statistics | Gloucester Twp NJ Home Sales & Values | Updated Monthly
If you're looking to purchase or sell a Gloucester Twp NJ Home, you've come to your starting point.
My name is Dave Sulvetta and I am a Realtor with eXp Realty. I have been a local Gloucester Twp Real Estate agent for over 15 years and a resident of Gloucester Twp for 24 years. Put my experience and knowledge of Gloucester Twp NJ to work for you. My other website is www.DaveSulvetta.com. My cell number is 856.889.8163 and email Dave@DaveSulvetta.com
If you're looking to search homes for sale in Gloucester Twp click the link.
(Please remember to check back MONTHLY as the data below is automatically updated from the MLS)
Local Knowledge, Proven Results
The first chart shows closed sales to ACTIVE listings in Gloucester Twp. As you can see, July & August of 2022 had more ACTIVE listings than closed sales. This will create a higher absorption rate/ supply & Demand. This is could be an indication of a market shift, possibly back to a buyers market in time.
As of August, this chart shows list price could be dropping, however, we do know the average sales price is still a bit higher than the average PENDING price.
Gloucester Twp NJ now has a 1.24 months supply of homes. This is up 71% from August 2021. This is truly an indication of a market shift.
Contact Dave Sulvetta Via Cell: 856.889.8163
or Email: Dave@DaveSulvetta.com
In Gloucester Township NJ (Camden County, NJ), the median sold price for Attached properties for October was $245,000, representing an increase of 9.6% compared to last month and an increase of 25.7% from Oct 2021. The average days on market for units sold in October was 14 days, 34% below the 5-year October average of 21 days. There was a 22.2% month over month increase in new contract activity with 11 New Pendings; a 7.1% MoM increase in All Pendings (new contracts + contracts carried over from September) to 15; and a 33.3% decrease in supply to 8 active units. This activity resulted in a Contract Ratio of 1.88 pendings per active listing, up from 1.17 in September and a decrease from 2.00 in October 2021. The Contract Ratio is 49% higher than the 5-year October average of 1.26. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor (Again. If you're thinking about listing your home for sale, please give me a call soon. The market is clearly changing)