Market Update for Gloucester County 4th Quarter 2016
Market Up-Date for Real Estate Gloucester County, New Jersey, including among others Washington Township, NJ, zip code 08012; Glassboro, NJ, zip code 08028; Pitman, NJ, zip code 08071; Logan, NJ, zip code 08085; and Deptford, NJ, zip code 08096.
For October, November, December of 2016, the medium sales price for Gloucester County, New Jersey was $180,000 up 2.9% from last year; the average sales price was $191,704, up 4.9% from 2015. The actual sales price received based on the original listing price was 92.2%, an increase of 0.2% from the previous year with an average of 110 days on the market, down 2.6% from 2015. During this time period in Gloucester County, New Jersey, there were 1760 real estate properties on the market for sale, down 9.3% from 2015, and 927 real estate properties sold, an increase of 24.3% from 2015, with a monthly home supply of 5.5, down 22.3%.
Zip code 08012 for Washington Township, NJ, the medium sales price was $193,250, an increase of 16.8% from 2015. Real estate properties sold for 92.9% of original listing price, an increase of 0.5% from 2015 with an average of 83 days on the market, down 24.5% from 2015. During this 4th quarter of 2016, closed real estate sales for Washington Township, New Jersey, accounted for 46 real estate properties, down 50.0% from 2015.
Zip code 08028 for Glassboro, NJ, the medium sales price was $187,000, an increase of 13.3% from 2015. Real estate properties sold for 95.5% of the original listing price, a 2.8% increase from 2015 with average days of 82 on the market, up 5.1% from 2015. During this 4th quarter of 2016, in Glassboro, New Jersey, 91 real estate properties were sold, up 51.7% from 2015.
Zip code 08071 for Pitman, NJ, the medium sales price was $142,500, up 19.7% from 2015. Real estate properties sold for 90.3% of the original listing price, an increase of 1.0% compared to 2015 with average days of 104 on the market, up 16.9% from 2015. During this 4th quarter of 2016, for Pitman, New Jersey, closed real estate sales accounted for 35 real estate properties, an increase of 40% from 2015.
Zip code 08085 for Logan, NJ, the medium sales price was $276,248, up 20.1% from 2015. Real estate properties sold for 93.1% of the original listing price, down 1.8% from 2015 with an average of 91 days on the market, down 4.2% from 2015. During the 4th quarter of 2016, for Logan, New Jersey, closed sales accounted for 71 real estate properties, up 18.3% from 2015.
Zip code 08096 for Deptford, NJ, the medium sales price was $159,500, down 0.3% from 2015. Real estate properties sold for 92.7% of the original listing price, up 0.2% from 2015 with an average of 91 days on the market, a decrease of 26.6% from 2015. During the 4th quarter of 2016, for Deptford, New Jersey, closed sales accounted for 115 real estate properties, an increase of 23.7% from 2015.
EXIT Realty JP Rothermel, Medford New Jersey
Assisting buyers and sellers invest in real estate properties and homes in Southern New Jersey
Ph: 609-714-3948
Fx: 609-714-3954
