Is 19720, 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, 19720 has remained a Seller's Market.
Key Takeaway
19720 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19720, DE
How much do homes in 19720, DE cost?
Median Sold Price
$279,153
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19720 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 19720 was $279,153 in April 2024, up 9.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $75K | -59.5% |
| 2 Bedrooms | $168.2K | $210K | +24.8% |
| 3 Bedrooms | $245.9K | $265K | +7.7% |
| 4 Bedrooms | $325K | $350.7K | +7.9% |
| 5+ Bedrooms | $380K | $394.9K | +3.9% |
Summary: 19720 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.5%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 19720, DE
How many homes are available in 19720, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 129 | 121 | -6.2% |
Summary: The 19720 real estate market had 121 homes for sale in April 2024, a 6.2% decrease 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 83 | 75 | -9.6% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 19720 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 11.8%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 35 | -18.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19720, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 19720 in April 2024, down by 18.6% month-over-month. Of the 35 sold homes, 23% were sold under asking, 37% were sold at asking, and 40% were sold over asking.
Days on Market for 19720, DE
How long does it take to sell a home in 19720, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +62.2% |
Summary: Homes in 19720 had an average of 22 days on market in Apr 2024, up by 62.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19720 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in 19720; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
