Is Bridgeville-Greenwood, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bridgeville-Greenwood was a Seller's Market.
Key Takeaway
Bridgeville-Greenwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bridgeville-Greenwood, DE
How much do homes in Bridgeville-Greenwood, DE cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgeville-Greenwood have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Bridgeville-Greenwood was $330,000 in May 2024, down 1.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $298.5K | -20.4% |
| 3 Bedrooms | $310K | $322.5K | +4.0% |
| 4 Bedrooms | $335K | $417.5K | +24.6% |
| 5+ Bedrooms | $325K | $408K | +25.5% |
Summary: Bridgeville-Greenwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Cities
| Lincoln | $315K | $447.5K | +42.1% |
| Milford South | $315K | $354.7K | +12.6% |
| Greenwood | $310K | $347.4K | +12.1% |
| Bridgeville-Greenwood | $335K | $330K | -1.5% |
| Bridgeville | $350K | $339.7K | -2.9% |
Housing Supply in Bridgeville-Greenwood, DE
How many homes are available in Bridgeville-Greenwood, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 63 | +23.5% |
Summary: The Bridgeville-Greenwood real estate market had 63 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 33 | 41 | +24.2% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bridgeville-Greenwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgeville-Greenwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bridgeville-Greenwood in May 2024, up by 400.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Bridgeville-Greenwood, DE
How long does it take to sell a home in Bridgeville-Greenwood, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 49 Days | +113.2% |
Summary: Homes in Bridgeville-Greenwood had an average of 49 days on market in May 2024, up by 113.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bridgeville-Greenwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Bridgeville-Greenwood; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
