February 2025 delivered positive momentum for the Gloucester County real estate market, with steady activity across Washington Township, Deptford, and Mantua Township. Gloucester County New Jersey demonstrated market stability as buyers and sellers adapted to evolving conditions throughout the region.
View Full Gloucester County Market Report (PDF)
What February Meant for Buyers in Gloucester County
Gloucester County buyers encountered a relatively stable market during February, with closed sales rising modestly by 1.3% to 233 transactions compared to 230 in February 2024. The median sales price increased 11.9% to $358,000, reflecting continued demand in popular communities like Monroe Township, Mullica Hill, and Woodbury Heights.
Buyer competition intensified slightly with 45.1% of homes selling over list price, up from 41.3% the previous year. Days on market increased to 22 days from 17 days, giving buyers additional time to conduct inspections and secure financing. New listings declined 3.6% to 319 homes, maintaining inventory pressures in desirable school districts throughout Pitman and Wenonah.
Seller Highlights from February in Gloucester County
Sellers throughout Gloucester County benefited from strong market fundamentals during February. Active inventory rose 17.4% to 569 homes, providing buyers with more options while requiring sellers to differentiate their properties. The percentage of homes selling at list price declined to 24.5% from 27.4%, indicating competitive pricing became more important.
Nearly half of all properties achieved sale prices above asking, particularly in well-maintained homes within established neighborhoods in Glassboro and Williamstown. Pending sales dropped 11% to 336 homes, suggesting some softening in buyer urgency. Sellers who invested in staging and minor improvements continued to attract multiple offers in communities like Elk Township and Clayton.
Key Takeaways:
- Closed sales rose 1.3% while median prices increased 11.9% to $358,000
- Nearly 45% of homes sold over asking price, showing strong buyer demand
- Active inventory grew 17.4%, giving buyers more selection options
Related Market Reports:
Compare Gloucester County’s performance with other South Jersey markets:
- Burlington County Market Recap for February 2025
- Camden County Market Recap for February 2025
- Cumberland County Market Recap for February 2025
- Salem County Market Recap for February 2025
See how the market has evolved: Gloucester County Market Recap for January 2025
