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.
Key Takeaway
Glassboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Glassboro have sold for 20.7% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Glassboro, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Glassboro are selling fast, if you're buying plan to act quickly.
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.
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.