Is Gloucester, NC 28528 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Gloucester is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market10Listing to accepted offer
Median price per sq ft$176

The Gloucester housing market right now

In the three months ending August 31, 2026, 0% of homes in Gloucester, NC 28528 sold above their list price and the typical home went under contract in 10 days. With only 2 sales, these figures can swing a lot from month to month.

Within Carteret County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Salter Path 28575 (20% sold over asking) and Morehead City 28557 (12% sold over asking) are even more competitive.

Nearby markets

Atlantic 28511Buyer’s market $253 /sq ftAtlantic Beach 28512Balanced $456 /sq ftBeaufort 28516Seller’s market $270 /sq ftCedar Island 28520Buyer’s market $316 /sq ft Browse all markets →

Where Gloucester is

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Questions about Gloucester real estate

How fast do homes sell in Gloucester?

The typical home went under contract in 10 days in the latest three months.

Do homes in Gloucester sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Gloucester?

About 0.43% of a home’s value a year in Carteret County, or roughly $1,720 on a $400,000 home.

What is the median home price in Gloucester?

The median sale price was $275,381 in the three months ending August 31, 2026, about $176 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology