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| APRIL 2025 | |||
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| Units Sold 40 |
Active Inventory 84 |
Median Sale Price $346,450 |
Days On Market 35 |
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| Up 25% Vs. Year Ago |
Down -18% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -24% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in April, with 40 sold this month in Gloucester County Real Estate. This month's total units sold was higher than at this time last year, an increase of 22% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 19 units or 18%. The total number of active inventory this April was 84 compared to 103 in April 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 92, a decrease of 9%. |
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Median Sale Price
Last April, the median sale price for Gloucester County Homes was $350,438. This April, the median sale price was $346,450, a decrease of 1% or $3,988 compared to last year. The current median sold price is 7% higher than in March. 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 47 |
Current Contracts 50 |
Sold Vs. List Price 100.4% |
Months of Supply 2.1 |
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| Down -22% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up 2.8% Vs. Year Ago |
Down -35% Vs. Year Ago |
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Months of Supply
In April, there was 2.1 months of supply available in Gloucester County, compared to 3.2 in April 2024. That is a decrease of 35% 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 47 homes newly listed for sale in Gloucester County compared to 60 in April 2024, a decrease of 22%. There were 50 current contracts pending sale this April compared to 43 a year ago. The number of current contracts is 16% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Gloucester County was 100.4% of the average list price, which is 2.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 35, lower than the average last year, which was 46, a decrease of 24%. | |||
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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 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. |
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