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Cheap Homes in Gloucester, NC

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Gloucester, NC Foreclosures

Current Market Conditions in in Gloucester, NC As of March 2026?
Over the past month, Gloucester's real estate market has remained steady, without significant price fluctuations. There has been a moderate increase in listings, offering buyers more options. While interest from buyers remains strong, the inventory levels are only slightly increasing, keeping the competitive market dynamic on an even keel.
How much do homes sell for in Gloucester, NC?
The average home price is currently $312,219.
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 $2,895,562.
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, North Carolina is a charming small town known for its scenic landscapes and outdoor recreational opportunities. Featuring a friendly community vibe, Gloucester offers various local amenities and a peaceful lifestyle boon for families and retirees alike. The area provides easy access to nature with its beautiful parks and riverside activities.

Buyer vs Seller Market in Gloucester, NC

The real estate market in Gloucester has experienced consistent interest due to its appealing rural setting and affordability. Currently, homes are in moderate demand with several listings appealing to first-time buyers as well as those looking for second homes. Despite being a small market, the local economy supports a stable housing demand.

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 $246,150.00. 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 $312,219.00, with the most expensive house in Gloucester, NC, topping out at $2,895,562.00 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

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