Foreclosures in Gloucester, NC 28528

Current Market Conditions in Gloucester, NC

The current real estate market in Gloucester is quite competitive, with a growing number of interested buyers looking for homes that offer a blend of nature and comfort. Inventory levels have remained relatively low, which means that homes are selling quickly, often above asking price as demand continues to rise. This trend reflects a broader interest in suburban living as remote work becomes more established.

In recent months, home sales have seen increases in both volume and prices, driven by an influx of new residents seeking a quieter lifestyle and a connection to nature. Real estate agents report that families and retirees are particularly drawn to the area due to its schools and the community-centric vibe.

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 $1,126.00. 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.