Is Gloucester Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gloucester Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Gloucester Township has remained a Seller's Market.

Key Takeaway

Gloucester Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gloucester Township, NC

How much do homes in Gloucester Township, NC cost?

Median Sold Price

$270,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$30,250(-10.1%)

Key Takeaway

Homes in Gloucester Township have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in Gloucester Township was $270,000 in May 2024, down 10.1% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $262.4K$313.5K
+19.4%
2 $419.5K$222K
-47.1%
3 $258K$401.5K
+55.6%
4 $620.2K-
N/A
5+ --
N/A

Summary: Gloucester Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes decreased by 47.1%, 3 bedroom homes increased by 55.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lake Toxaway
+16.2%
Catheys Creek Township
+8.8%
Gloucester Township
-10.1%

Housing Supply in Gloucester Township, NC

How many homes are available in Gloucester Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
910+11.1%

Summary: The Gloucester Township real estate market had 10 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 43
-25.0%
4 13
+200.0%
5+ 00
0.0%

Summary: The Gloucester Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gloucester Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Gloucester Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Gloucester Township, NC

How long does it take to sell a home in Gloucester Township, NC?

Average Sale Time

May 2023May 2024CHANGE
6 Days176 Days+2615.4%

Summary: Homes in Gloucester Township had an average of 176 days on market in May 2024, up by 2615.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gloucester Township has remained consistent over time.

Summary: During May 2024, 2 homes were sold in Gloucester Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Gloucester Township, NC

Nearby Markets to Gloucester Township, NC

What housing markets are near Gloucester Township, NC?