Residential Real Estate in Gloucester Twp. in 2011

The following are statistics of all homes sold in Gloucester Township for the year 2011. Although this information is taken from TREND MLS, there is still a small margin for error.

As we are now into a very brisk spring real estate market, I thought it would be a good time to look back at last year's home sales for Gloucester Township.

First, a bit about Gloucester Township.  According to the US Census of 2010, there were 64,634 people, 23,566 households, and 16,873 families residing in the township. 

2011 in Review for Gloucester Twp., NJ

There were 380 homes sold in Gloucester Twp. last year (2011), of which 76 buyers purchased their home with cash, 177 purchased FHA, 18 purchased using a VA loan, 100 went the conventional route and nine fell in the “other” category. At the time of sale, the average homeowner received 94.84 percent of the asking price at that time. Average asking price at time of sale was $162,061 and average sold price was $153,714.

Of the 380 homes sold, a whopping 166 sellers gave some kind of concession to their buyers. The average age of a sold home was 31.11 years old, of which 26 homes were heated by oil, 12 by electric and 342 by gas.

This year has started very strong, in fact the strongest I have seen in years! As of March 28, we have already had 106 homes close or settle in Gloucester Township and not all of the data is in yet for the month of March. I can personally account for a few more closings by month's end.

If you are planning to buy, the time has actually never been better than the present. If you are planning to sell your home, the time is now!

It’s a great time to buy and we are having a sale! Check out the inventory here: Gloucester Twp., NJ homes for sale.

* Information is taken from TREND MLS and deemed accurate but may not be reliable.