GLOUCESTER COUNTY HOUSING MARKET DATA

There was an increase in total units sold in March, with 40 sold this month in Gloucester County Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 9 units or 10%. The total number of active inventory this March was 81 compared to 90 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Gloucester County Homes was $360,000. This March, the median sale price was $325,000, a decrease of 10% or $35,000 compared to last year. The current median sold price is 10% 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.

In March, there was 2.0 months of supply available in Gloucester County, compared to 2.3 in March 2024. That is a decrease of 12% 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 57 homes newly listed for sale in Gloucester County compared to 41 in March 2024, an increase of 39%. There were 47 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 81% higher than last March.

In March, the average sale price in Gloucester County was 96.9% of the average list price, which is 1.4% lower than at this time last year.

This month, the average number of days on market was 61, higher than the average last year, which was 59, an increase of 3%.





FOCUS ON: GLOUCESTER COUNTY HOUSING MARKET			MARCH 2025

Units Sold 40	Active Inventory 81	Median Sale Price $325,000	Days On Market 61

Up 3% Vs. Year Ago	Down -10% Vs. Year Ago	Down -10% Vs. Year Ago	Up 3% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 40 sold this month in Gloucester County Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is lower by 9 units or 10%. The total number of active inventory this March was 81 compared to 90 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Gloucester County Homes was $360,000. This March, the median sale price was $325,000, a decrease of 10% or $35,000 compared to last year. The current median sold price is 10% 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.



New Listings 57	Current Contracts 47	Sold Vs. List Price 96.9%	Months of Supply 2.0

Up 39% Vs. Year Ago	Up 81% Vs. Year Ago	Down -1.4% Vs. Year Ago	Down -12% Vs. Year Ago


		Months of Supply In March, there was 2.0 months of supply available in Gloucester County, compared to 2.3 in March 2024. That is a decrease of 12% 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 57 homes newly listed for sale in Gloucester County compared to 41 in March 2024, an increase of 39%. There were 47 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 81% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Gloucester County was 96.9% of the average list price, which is 1.4% lower than at this time last year. Days on Market This month, the average number of days on market was 61, higher than the average last year, which was 59, an increase of 3%.



	*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.