Gloucester County real estate market faced seasonal adjustments in September 2024, with towns like Washington Township, Monroe Township, and Deptford maintaining steady interest from buyers across New Jersey’s growing suburban communities.
View Full Gloucester County Market Report (PDF)
What September Meant for Buyers in Gloucester County
Gloucester County buyers encountered a more selective market in September, with 257 closed sales down 12.3% from the previous year. Communities like Mantua Township and Pitman continued appealing to families seeking excellent schools and suburban amenities, though buyers found more inventory to choose from than in recent months. The median sales price reached $376,000, up an impressive 18.6% year-over-year, reflecting strong demand in premium locations.
Homes averaged just 14 days on market, indicating sustained buyer urgency despite increased selection. Areas like Sewell and Turnersville attracted significant interest from buyers seeking new construction and established neighborhoods with easy highway access for commuting to Philadelphia or other employment centers.
Seller Highlights from September in Gloucester County
September presented mixed conditions for Gloucester County sellers, with 54.9% of homes closing over list price, down from last year’s 62.1% rate but still indicating competitive demand. New listings totaled 364 properties, slightly down 1.4% from September 2023, maintaining relatively stable inventory levels. Premium developments in Washington Township and Woolwich Township commanded top dollar, while more affordable options in Paulsboro and West Deptford attracted value-conscious buyers.
The county’s strategic location between Philadelphia and Delaware continued driving demand across diverse price points. Active inventory of 632 homes provided sellers with moderate competition levels, rewarding well-priced properties in desirable locations with quick sales and strong offers.
Key Takeaways:
- 257 home sales closed in September, with robust 18.6% median price growth offsetting volume decline
- $376,000 median price reflects continued appreciation in desirable townships with excellent schools
- Quick 14-day average market time demonstrates persistent buyer demand despite increased inventory levels
Related Market Reports:
Compare Gloucester County’s performance with other South Jersey markets:
- Burlington County Market Recap for September 2024
- Camden County Market Recap for September 2024
- Cumberland County Market Recap for September 2024
- Salem County Market Recap for September 2024
See how the market has evolved: Gloucester County Market Recap for August 2024
