Is Gloucester County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gloucester County has remained a Seller's Market.
Key Takeaway
Gloucester County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gloucester County, NJ
How much do homes in Gloucester County, NJ cost?
Median Sold Price
$318,181
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gloucester County have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Gloucester County was $318,181 in April 2024, up 9.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $144K | -1.4% |
| 2 Bedrooms | $215K | $241K | +12.1% |
| 3 Bedrooms | $275K | $300K | +9.1% |
| 4 Bedrooms | $420K | $425K | +1.2% |
| 5+ Bedrooms | $442.2K | $435K | -1.6% |
Summary: Gloucester County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Salem County | $225K | $252K | +12.0% |
| Gloucester County | $290.6K | $318.1K | +9.5% |
| Camden County | $284.9K | $310K | +8.8% |
| Delaware County | $317.2K | $334.5K | +5.5% |
| Philadelphia County | $269.7K | $258.6K | -4.1% |
Housing Supply in Gloucester County, NJ
How many homes are available in Gloucester County, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 891 | 932 | +4.6% |
Summary: The Gloucester County real estate market had 932 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 147 | 147 | 0.0% |
| 3 Bedrooms | 400 | 420 | +5.0% |
| 4 Bedrooms | 271 | 288 | +6.3% |
| 5+ Bedrooms | 63 | 66 | +4.8% |
Summary: The Gloucester County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 222 | 184 | -17.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gloucester County, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 184 homes were sold or pending in Gloucester County in April 2024, down by 17.1% month-over-month. Of the 184 sold homes, 22% were sold under asking, 27% were sold at asking, and 51% were sold over asking.
Days on Market for Gloucester County, NJ
How long does it take to sell a home in Gloucester County, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 28 Days | -10.2% |
Summary: Homes in Gloucester County had an average of 28 days on market in Apr 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gloucester County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 184 homes were sold in Gloucester County; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.