Is 19702, 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, 19702 has remained a Seller's Market.
Key Takeaway
19702 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19702, DE
How much do homes in 19702, DE cost?
Median Sold Price
$325,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19702 have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in 19702 was $325,000 in April 2024, up 6.6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.2K | $150K | +10.9% |
| 2 Bedrooms | $220K | $280K | +27.3% |
| 3 Bedrooms | $285K | $312.5K | +9.6% |
| 4 Bedrooms | $450K | $446K | -0.9% |
| 5+ Bedrooms | $500K | $466.2K | -6.8% |
Summary: 19702 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 19702, DE
How many homes are available in 19702, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 92 | +12.2% |
Summary: The 19702 real estate market had 92 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 41 | 46 | +12.2% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 19702 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 increased by 30.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19702, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 19702 in April 2024, down by 11.1% month-over-month. Of the 24 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for 19702, DE
How long does it take to sell a home in 19702, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 12 Days | +33.3% |
Summary: Homes in 19702 had an average of 12 days on market in Apr 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19702 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 19702; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
