Is 19709, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 19709 was a Neutral Market.
Key Takeaway
19709 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19709, DE
How much do homes in 19709, DE cost?
Median Sold Price
$493,509
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19709 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 19709 was $493,509 in March 2024, up 4.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $386K | $380K | -1.6% |
| 3 Bedrooms | $362.7K | $390K | +7.5% |
| 4 Bedrooms | $570K | $590K | +3.5% |
| 5+ Bedrooms | $620K | $667.5K | +7.7% |
Summary: 19709 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Zip Codes
| 19709 | $473.7K | $493.5K | +4.2% |
| 19734 | $445K | $445K | 0% |
| 19730 | $655K | $469.5K | -28.3% |
Housing Supply in 19709, DE
How many homes are available in 19709, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 271 | 278 | +2.6% |
Summary: The 19709 real estate market had 278 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 99 | 105 | +6.1% |
| 4 Bedrooms | 100 | 102 | +2.0% |
| 5+ Bedrooms | 40 | 36 | -10.0% |
Summary: The 19709 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19709, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in 19709 in March 2024, up by 17.9% month-over-month. Of the 33 sold homes, 30% were sold under asking, 39% were sold at asking, and 30% were sold over asking.
Days on Market for 19709, DE
How long does it take to sell a home in 19709, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 48 Days | +14.1% |
Summary: Homes in 19709 had an average of 48 days on market in Mar 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19709 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in 19709; 64% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
