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Cheap Homes in Gloucester, NC 28528

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Gloucester, NC Foreclosures

Current Market Conditions in in Gloucester, NC As of February 2026?
Over the past month, Gloucester's real estate market has shown signs of slight appreciation in home values due to increased buyer interest stemming from the ongoing trend of relocation from urban areas. With a limited inventory of homes for sale, sellers are experiencing a favorable market, which may lead to more competitive bidding environments as buyers compete for available properties.
How much do homes sell for in Gloucester, NC?
The average home price is currently $316,152.
What’s the average rental cost in Gloucester, NC?
The average rental price in Gloucester is $1,125.
What is the most expensive home in Gloucester?
The most expensive home sold in Gloucester had a price of $2,822,040.
What is currently the cheapest priced home in Gloucester, NC?
The cheapest home for sale in Gloucester is priced at $12,336.

Living in Gloucester, NC

Gloucester, NC is a charming small town nestled in the serene coastal countryside. The area is known for its natural beauty and close-knit community, offering an array of outdoor activities and a laid-back lifestyle. With its rich history and friendly residents, Gloucester is a wonderful place to call home.

Buyer vs Seller Market in Gloucester, NC

The real estate market in Gloucester is currently experiencing a stable period, with moderate demand for homes. Properties in the area typically sell within a reasonable timeframe, reflecting a consistent interest in the quaint and peaceful lifestyle offered here. As more people seek refuge in calmer suburban areas, it is believed that the market will see an increase in both interest and investment.

Home Value Estimator For Gloucester, NC

There are currently 385 real estate properties in Gloucester, NC, with a median automated valuation model (AVM) price of $248,260.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gloucester, NC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gloucester, NC, is $316,152.00, with the most expensive house in Gloucester, NC, topping out at $2,822,040.00 and the cheapest home in Gloucester, NC, clocking in at $12,336.00. In other words, there’s something for every potential homebuyer or savvy investor in Gloucester, NC!

Rent Prices In Gloucester, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gloucester, NC, is on a rollercoaster ride. The average rent price in Gloucester, NC, is $1,125.00. Indeed, when looking to rent in Gloucester, NC, you can expect to pay as little as $540.00 or as much as $2,900.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Gloucester, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Gloucester, NC 28528

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