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

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
with Facebook Sign-in with Twitter
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

with Facebook Sign-in with Twitter

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.