GLOUCESTER COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 300 sold this month in Gloucester County Real Estate versus 276 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.

Versus last year, the total number of homes available this month is lower by 3 units or 1%. The total number of active inventory this May was 511 compared to 514 in May 2024. This month's total of 511 is lower than the previous month's total supply of available inventory of 531, a decrease of 4%.

Last May, the median sale price for Gloucester County Homes was $340,750. This May, the median sale price was $370,000, an increase of 9% or $29,250 compared to last year. The current median sold price is 7% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.7 months of supply available in Gloucester County, compared to 1.6 in May 2024. That is an increase of 8% 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.

This month there were 355 homes newly listed for sale in Gloucester County compared to 382 in May 2024, a decrease of 7%. There were 319 current contracts pending sale this May compared to 339 a year ago. The number of current contracts is 6% lower than last May.

In May, the average sale price in Gloucester County was 101.5% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 30, higher than the average last year, which was 28, an increase of 7%.





FOCUS ON: GLOUCESTER COUNTY HOUSING MARKET			MAY 2025

Units Sold 300	Active Inventory 511	Median Sale Price $370,000	Days On Market 30

Down -8% Vs. Year Ago	Down -1% Vs. Year Ago	Up 9% Vs. Year Ago	Up 7% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 300 sold this month in Gloucester County Real Estate versus 276 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 8% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 3 units or 1%. The total number of active inventory this May was 511 compared to 514 in May 2024. This month's total of 511 is lower than the previous month's total supply of available inventory of 531, a decrease of 4%.
		Median Sale Price Last May, the median sale price for Gloucester County Homes was $340,750. This May, the median sale price was $370,000, an increase of 9% or $29,250 compared to last year. The current median sold price is 7% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 355	Current Contracts 319	Sold Vs. List Price 101.5%	Months of Supply 1.7

Down -7% Vs. Year Ago	Down -6% Vs. Year Ago	Down -0.6% Vs. Year Ago	Up 8% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Gloucester County, compared to 1.6 in May 2024. That is an increase of 8% 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.
New Listings & Current Contracts This month there were 355 homes newly listed for sale in Gloucester County compared to 382 in May 2024, a decrease of 7%. There were 319 current contracts pending sale this May compared to 339 a year ago. The number of current contracts is 6% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Gloucester County was 101.5% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 30, higher than the average last year, which was 28, an increase of 7%.



	*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.