The Long & Foster Market Minute

Focus On: Glassboro, Franklinville, and Clayton Housing Market June 2021

Zip Code(s): 08028, 08322, 08312, 08344 and 08328
Units Sold
79
Active Inventory
95
Median Sale Price
$250,000
Days On Market
17
Up
Vs. Year Ago
Down -22%
Vs. Year Ago
Up 32%
Vs. Year Ago
Down -71%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 79 sold this month in Glassboro, Franklinville, and Clayton Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 27 units or 22%. The total number of active inventory this June was 95 compared to 122 in June 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Glassboro, Franklinville, and Clayton Homes was $189,200. This June, the median sale price was $250,000, an increase of $60,800 compared to last year. The current median sold price is lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
95
Current Contracts
81
Sold Vs. List Price
103.1%
Months of Supply
1.2
Up 25%
Vs. Year Ago
Down -4%
Vs. Year Ago
Up
Vs. Year Ago
Down -51%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Glassboro, Franklinville, and Clayton, compared to 2.4 in June 2020. That is a decrease of 51% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 95 homes newly listed for sale in Glassboro, Franklinville, and Clayton compared to 76 in June 2020, an increase of 25%. There were 81 current contracts pending sale this June compared to 84 a year ago. The number of current contracts is 4% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Glassboro, Franklinville, and Clayton was 103.1% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 17, lower than the average last year, which was 58, a decrease of 71%.

The Long & Foster Market Minute Glassboro, Franklinville, and Clayton are defined as properties listed in zip code/s 08028, 08322, 08312, 08344 and 08328.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.