During the week of February 2 to 8, 2024, Gloucester County witnessed a notable surge in residential property transactions, with a total of 143 sales recorded. This activity reflects a vibrant real estate market in the region, with median sale prices and diverse property sizes contributing to a dynamic landscape for buyers and sellers alike.
The standout transaction of the week was a 1,275-square-foot home located on Beecham Road in Williamstown, which sold for $340,000. This sale highlights the competitive nature of the local market, where buyers are actively seeking opportunities across various neighborhoods.
Notable Transactions Across Gloucester County
Several transactions captured attention during this period, showcasing a range of property types and prices. In Blackwood, 149 Greentree Road sold for $200,450, representing a 1,380-square-foot residence priced at $145 per square foot. This transaction reflects the affordability that some areas of Gloucester County still offer.
In Deptford, 120 Progress Ave was sold for $280,000, encompassing 1,547 square feet and priced at $181 per square foot. This sale further underscores the diversity within the market, catering to a spectrum of buyer preferences and budgets.
Multiple properties in Glassboro also attracted attention. For instance, 384 Union Street fetched $315,000 for a 1,020-square-foot home, resulting in a price of $309 per square foot. Another significant sale was 221 Villanova Road, which sold for $330,000, demonstrating the ongoing interest in this growing community.
Market Insights and Trends
The data from this week indicates that buyers are not only looking for value but also for properties that can accommodate various lifestyles. For example, a larger residence at 306 Pine Street was sold for $355,000, offering 1,312 square feet of living space, priced at $271 per square foot.
In contrast, smaller properties are also finding buyers. 125 W. Clayton Ave sold for $385,000, highlighting an increasing demand for homes that combine affordability with desirable features.
Overall, the real estate market in Gloucester County remains active, with significant sales reflecting both affordability and the desire for larger spaces. As the market evolves, it will be interesting to observe how these trends develop in the coming months, particularly as more buyers enter the market seeking their ideal homes.
With continued growth and activity, Gloucester County stands as a notable player in the regional real estate sector, driven by diverse offerings that cater to a wide range of prospective homeowners.
