Gloucester City, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 262 transactions over the past year in Gloucester City. The median value for residential home transactions that occurred over the previous year is $184,389.33. The number of current listings in Gloucester City is 22, and the percentage of properties for sale in the city is 22.00%. Gloucester City, NJ currently has 86 properties in foreclosure, 2 bank owned properties, 5 properties headed for auction, and 22 properties for sale.
Gloucester City, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08030 | $ 182,100 $ 142/sqft |
Housing Market Summary for Gloucester City, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $212.5K | $170.8K | -19.60% |
| Median Sold Price | $165.5K | $170.8K | 3.23% |
| Homes For Sale | 14 | 16 | 14.29% |
| Homes Sold | 111 | 128 | 15.32% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Gloucester City, NJ
Browse Homes in Gloucester City, NJ
Gloucester City home values range from $62,930 to $686,700. The median estimated value of a home in Gloucester City is $184,389.33. The median list price of a home is 207,450, and the total count of properties in the city is 3,658.
- Pre-ForeclosurePre-foreclosure homes account for 2.16% of all residential properties in Gloucester City, NJ with 08030 containing 86 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Gloucester City, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $306,000 in 08030 to the lowest home value of $118,400 in 08030.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Gloucester City, NJ ranges from the highest value of $206,400 in 08030 to the lowest value of $158,900 in 08030. Bank owned homes and properties account for 0.05% of properties in Gloucester City, NJ. There is 1 zips within Gloucester City, NJ; 08030 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08030 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Gloucester City, NJ. Auction homes and other auction properties account for 0.14% of all properties in Gloucester City, NJ. There is 1 zips within Gloucester City, NJ; of that zips, the median estimated home value for homes going to auction ranges from $323,100 in 08030 to the lowest value of $175,000 in 08030.
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Guide for Gloucester City, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
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