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| MARCH 2025 | |||
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| Units Sold 267 |
Active Inventory 440 |
Median Sale Price $350,000 |
Days On Market 35 |
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| Up 6% Vs. Year Ago |
Down -7% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 267 sold this month in Gloucester County Real Estate versus 229 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 6% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 35 units or 7%. The total number of active inventory this March was 440 compared to 475 in March 2024. This month's total of 440 is lower than the previous month's total supply of available inventory of 478, a decrease of 8%. |
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Median Sale Price
Last March, the median sale price for Gloucester County Homes was $350,900. This March, the median sale price was $350,000, which is similar compared to a year ago. The current median sold price is 4% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 341 |
Current Contracts 328 |
Sold Vs. List Price 101.2% |
Months of Supply 1.6 |
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| Down -4% Vs. Year Ago |
Up 12% Vs. Year Ago |
No Change Vs. Year Ago |
Down -13% Vs. Year Ago |
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Months of Supply
In March, there was 1.6 months of supply available in Gloucester County, compared to 1.9 in March 2024. That is a decrease of 13% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 341 homes newly listed for sale in Gloucester County compared to 356 in March 2024, a decrease of 4%. There were 328 current contracts pending sale this March compared to 293 a year ago. The number of current contracts is 12% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Gloucester County was 101.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 35, which is similar compared to a year ago. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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