$3,622 Closing Credit*
$305,000
1,218 SqFt
3 Beds
•2 Full Baths
Vincent Capriotti, Listing Office: Prime Realty Partners
Is Gloucester City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Gloucester City has remained a Seller's Market.
Key Takeaway
Gloucester City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gloucester City, NJ
How much do homes in Gloucester City, NJ cost?
Median Sold Price
$220,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,500(+8.1%)
Key Takeaway
Homes in Gloucester City have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Gloucester City was $220,000 in November 2024, up 8.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $113K | +16.5% |
| 2 Bedrooms | $170K | $206.9K | +21.7% |
| 3 Bedrooms | $200K | $206K | +3.0% |
| 4 Bedrooms | $230K | $244.5K | +6.3% |
| 5+ Bedrooms | $259K | $260K | 0.4% |
Summary: Gloucester City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Brooklawn | $202.5K | $240K | +18.5% |
| Camden | $115K | $135.1K | +17.5% |
| Mount Ephraim | $270K | $300K | +11.1% |
| Gloucester City | $203.5K | $220K | +8.1% |
| Haddon Township | $420K | $425K | +1.2% |
Housing Supply in Gloucester City, NJ
How many homes are available in Gloucester City, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 54 | -10.0% |
Summary: The Gloucester City real estate market had 54 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Gloucester City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gloucester City, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Gloucester City in November 2024, down by 26.3% month-over-month. Of the 14 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Gloucester City, NJ
How long does it take to sell a home in Gloucester City, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +3.0% |
Summary: Homes in Gloucester City had an average of 28 days on market in Nov 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gloucester City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Gloucester City; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
