Gloucester Point Real Estate Market Sees Sales Decline

The Gloucester Point market slowed with a 17.9% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (13.9) with 23 homes sold. In comparison, nearby Virginia Beach had 530 sales in the same time frame, the most of all neighboring cities. The median sales price climbed to $265,733 over the latest reporting period for Gloucester Point, up from $258,450. With decreasing sales and the availability of seven months of inventory, Gloucester Point is a definite buyer's market.

These listings in Gloucester Point recently reduced their price, so be sure to check them out for a potentially great deal:

$229K   $404K   $549K  

Get started right now by checking out Gloucester Point homes for sale or reviewing Gloucester Point real estate trends.

Demographic facts about Gloucester Point:

  • This area has a median house value of $204,500.
  • The area gets an average of 117 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 5.0%.
  • The students per teacher ratio in this area is 13.4:1. (15.3:1 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Welles Bowen Realtors
Snapped 1 home in this area

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