Is 19706, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 19706 was a Buyer's Market.
Key Takeaway
19706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19706, DE
How much do homes in 19706, DE cost?
Median Sold Price
$256,700
$197/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 19706 have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in 19706 was $256,700 in April 2024, down 2.2% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $249.9K | N/A |
| 3 Bedrooms | $262.5K | $394.2K | +50.2% |
| 4 Bedrooms | - | $200K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 19706 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 50.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 19706, DE
How many homes are available in 19706, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The 19706 real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 19706 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19706, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 19706 in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 19706, DE
How long does it take to sell a home in 19706, DE?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 40 Days | -16.8% |
Summary: Homes in 19706 had an average of 40 days on market in Apr 2024, down by 16.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19706 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 19706; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
