Is 19701, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 19701 has remained a Seller's Market.
Key Takeaway
19701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19701, DE
How much do homes in 19701, DE cost?
Median Sold Price
$414,833
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19701 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 19701 was $414,833 in April 2024, up 5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $290K | +11.5% |
| 3 Bedrooms | $350K | $342.5K | -2.1% |
| 4 Bedrooms | $482.5K | $502.5K | +4.1% |
| 5+ Bedrooms | $555K | $546K | -1.6% |
Summary: 19701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 19701, DE
How many homes are available in 19701, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 92 | +24.3% |
Summary: The 19701 real estate market had 92 homes for sale in April 2024, a 24.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 28 | 37 | +32.1% |
| 4 Bedrooms | 31 | 41 | +32.3% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 19701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19701, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 19701 in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for 19701, DE
How long does it take to sell a home in 19701, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 17 Days | +167.3% |
Summary: Homes in 19701 had an average of 17 days on market in Apr 2024, up by 167.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19701 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 19701; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
