Property prices for sale in Gloucester City (New Jersey)

The prices in real estate in Gloucester City, in the New Jersey region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$122,886.33
Average price last 6 months
$2,891.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Gloucester City has increased strongly during the last 6 months. In January, the average price per sq.feet was $94. In February this price pretty much remained the same at a value of $95 per sq.feet. The price for the following two months in (March, April) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 9519 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $89.25 to $8,496 during May, and June.

Average price

Based upon to the price in Gloucester City (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $148,267. In February This price remains at $148,371. During the following two months (March, April) the average price had a considerable reduction of 80 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $133,429.5 to $101,800, which means a 76 % fall.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 1 % more costly than the average price of $93,434 in Gloucester City. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 1 % more expensive than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 16 % cheaper than the average price of ($14,192 / sq.feet) in Gloucester City. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 16 % cheaper than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $92,967 it is 42 % cheaper than the average price in Gloucester City. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $53,549 it is 1 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $19 / sq.feet followed by "House" priced at $14,192 / sq.feet. "House" is the cheapest type of property with a $14,192 / sq.feet value followed by "Commercial Property" with an average price of $19 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Gloucester City
Number of properties used in region New Jersey
$92,967
$16,917
106
125,790
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value