Is Glassboro, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Glassboro has remained a Seller's Market.
Housing Prices in Glassboro, NJ
How much do homes in Glassboro, NJ cost?
Median Sold Price
$350,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glassboro was $350,000 in May 2024, up 20.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229K | $259K | +13.1% |
3 Bedrooms | $280K | $350K | +25.0% |
4 Bedrooms | $332.5K | $355K | +6.8% |
5+ Bedrooms | $355K | $379.9K | +7.0% |
Summary: Glassboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Glassboro | $290K | $350K | +20.7% |
Pitman | $272.5K | $317.5K | +16.5% |
Harrison Township | $506K | $527.5K | +4.2% |
Sewell | $359K | $359.4K | 0.1% |
Housing Supply in Glassboro, NJ
How many homes are available in Glassboro, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 83 | -12.6% |
Summary: The Glassboro real estate market had 83 homes for sale in May 2024, a 12.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 51 | 48 | -5.9% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Glassboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 26 | +36.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Glassboro in May 2024, up by 36.8% month-over-month. Of the 26 sold homes, 19% were sold under asking, 23% were sold at asking, and 58% were sold over asking.
Days on Market for Glassboro, NJ
How long does it take to sell a home in Glassboro, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 23 Days | -32.0% |
Summary: Homes in Glassboro had an average of 23 days on market in May 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Glassboro; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.