Is 19711, 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, 19711 was a Seller's Market.
Housing Prices in 19711, DE
How much do homes in 19711, DE cost?
Median Sold Price
$396,075
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 19711 was $396,075 in March 2024, up 5.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $175K | -51.4% |
2 Bedrooms | $287.5K | $245K | -14.8% |
3 Bedrooms | $335K | $350K | +4.5% |
4 Bedrooms | $419.3K | $475K | +13.3% |
5+ Bedrooms | $530K | $544.5K | +2.7% |
Summary: 19711 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.4%, 2 bedroom homes decreased by 14.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 19711, DE
How many homes are available in 19711, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 111 | +7.8% |
Summary: The 19711 real estate market had 111 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 45 | 50 | +11.1% |
4 Bedrooms | 42 | 45 | +7.1% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 19711 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 17 | -41.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 19711 in March 2024, down by 41.4% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for 19711, DE
How long does it take to sell a home in 19711, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 19 Days | -41.8% |
Summary: Homes in 19711 had an average of 19 days on market in Mar 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 19711; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.