GLOUCESTER COUNTY HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in May, with 34 sold this month in Gloucester County Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.

Versus last year, the total number of homes available this month is higher by 6 units or 7%. The total number of active inventory this May was 94 compared to 88 in May 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 103, a decrease of 9%.

Last May, the median sale price for Gloucester County Homes was $369,900. This May, the median sale price was $379,995, an increase of 3% or $10,095 compared to last year. The current median sold price is 10% 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 2.8 months of supply available in Gloucester County, compared to 1.7 in May 2024. That is an increase of 67% 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 61 homes newly listed for sale in Gloucester County compared to 57 in May 2024, an increase of 7%. There were 59 current contracts pending sale this May compared to 63 a year ago. The number of current contracts is 6% lower than last May.

In May, the average sale price in Gloucester County was 99.2% of the average list price, which is 1.1% lower than at this time last year.

This month, the average number of days on market was 45, higher than the average last year, which was 31, an increase of 45%.





FOCUS ON: GLOUCESTER COUNTY HOUSING MARKET			MAY 2025

Units Sold 34	Active Inventory 94	Median Sale Price $379,995	Days On Market 45

Down Vs. Year Ago	Up 7% Vs. Year Ago	Up 3% Vs. Year Ago	Up 45% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in May, with 34 sold this month in Gloucester County Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 6 units or 7%. The total number of active inventory this May was 94 compared to 88 in May 2024. This month's total of 94 is lower than the previous month's total supply of available inventory of 103, a decrease of 9%.
		Median Sale Price Last May, the median sale price for Gloucester County Homes was $369,900. This May, the median sale price was $379,995, an increase of 3% or $10,095 compared to last year. The current median sold price is 10% 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 61	Current Contracts 59	Sold Vs. List Price 99.2%	Months of Supply 2.8

Up 7% Vs. Year Ago	Down -6% Vs. Year Ago	Down -1.1% Vs. Year Ago	Up 66% Vs. Year Ago


		Months of Supply In May, there was 2.8 months of supply available in Gloucester County, compared to 1.7 in May 2024. That is an increase of 67% 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 61 homes newly listed for sale in Gloucester County compared to 57 in May 2024, an increase of 7%. There were 59 current contracts pending sale this May compared to 63 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 99.2% of the average list price, which is 1.1% lower than at this time last year. Days on Market This month, the average number of days on market was 45, higher than the average last year, which was 31, an increase of 45%.



	*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 REIN 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 REIN or Long & Foster Real Estate, Inc.