A single-family home in Williamstown has topped the list of the most expensive residential property sales in Gloucester County, selling for a remarkable $550,000 during the week of January 26 to February 1, 2024. This week, a total of 22 residential real estate transactions were recorded in the county, with an average sale price of $310,633 and an average price per square foot of $203.
Details of High-Value Sales
The leading property, located at 1201 Whispering Woods Drive, offers a spacious living area of 2,688 square feet. Built in 1998, this home was sold at a price of $205 per square foot. The final transaction for this property took place on January 9.
Following this top sale, several other significant transactions were recorded:
– **$326,000** for a single-family home at 225 Lexington Ave. in Pitman, featuring 1,280 square feet of living space. The deal was finalized on January 9.
– **$337,000** for a property at 133 Hampshire Drive in Woodbury, which has a total living area of 2,080 square feet. This sale also closed on January 9.
– **$355,000** was the sale price for a home located at 91 Oakridge Drive in Mount Royal, encompassing 2,440 square feet. The transaction was completed on January 9.
– **$360,000** was recorded for a home at 380 Concetta Drive in Mount Royal, with a living area of 1,776 square feet. This sale was finalized on January 9 as well.
– Another property at 410 Country Way in Mickleton sold for **$360,000**, offering a living space of 1,408 square feet, also closing on January 9.
The list continues with properties in Clarksboro, Williamstown, and Clayton, with sale prices ranging from $365,000 to $450,000, showcasing the diverse range of residential options available in Gloucester County.
Market Trends and Insights
The recent spike in home sales highlights the demand for residential properties in Gloucester County. The total number of sales and the average sale price indicate a robust market, reflecting both buyer interest and market stability. The diversity in property sizes and prices suggests a wide array of options for potential homeowners.
As the real estate market continues to evolve, it remains crucial for buyers and sellers to stay informed about trends and prices. With the data from this week’s sales, stakeholders can better understand the current market dynamics in Gloucester County.
