Gloucester County real estate market activity in New Jersey surged in December 2024, delivering impressive growth across popular communities including Washington Township, Deptford, and Woodbury. The month showcased strong buyer engagement and continued price appreciation throughout this thriving South Jersey market.
View Full Gloucester County Market Report (PDF)
What December Meant for Buyers in Gloucester County
Gloucester County buyers experienced robust market activity in December, with 291 closed sales representing an impressive 29.3% increase from December 2023. This significant surge in transactions created abundant opportunities across neighborhoods in Glassboro, Monroe Township, and Mantua Township. The median sales price reached $350,000, up 7.7% from the previous year, reflecting continued appreciation in this desirable region.
Properties moved quickly through the market, with homes spending an average of just 19 days on market, up modestly from 15 days last year. Competition remained fierce, with 45.4% of buyers securing properties over asking price, compared to 43.6% in December 2023, indicating sustained competitive dynamics among purchasers.
Seller Highlights from December in Gloucester County
December delivered exceptional results for Gloucester County sellers, with dramatically increased buyer activity driving healthy market conditions. Active inventory averaged 600 homes, up 16.7% from December 2023, providing reasonable selection for buyers while maintaining competitive pressure that benefited sellers.
New listings totaled 204 properties, down 9.3% from the previous year, creating a favorable supply-demand balance for existing homeowners. Sellers in sought-after areas like Pitman, Sewell, and Turnersville continued to benefit from strong buyer interest, with over one-fifth (22.3%) of homes selling exactly at asking price.
Key Takeaways:
- Closed sales jumped 29.3% to 291 transactions, showing exceptional buyer activity levels
- Median price growth of 7.7% to $350,000 demonstrates healthy appreciation without overheating
- Properties sold efficiently at 19 days on market despite increased transaction volume
Related Market Reports:
Compare Gloucester County’s performance with other South Jersey markets:
- Burlington County Market Recap for December 2024
- Camden County Market Recap for December 2024
- Cumberland County Market Recap for December 2024
- Salem County Market Recap for December 2024
See how the market has evolved: Gloucester County Market Recap for November 2024
