Is 19734, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 19734 has remained a Buyer's Market.
Key Takeaway
19734 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19734, DE
How much do homes in 19734, DE cost?
Median Sold Price
$445,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 19734 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399.9K | $430K | +7.5% |
| 3 Bedrooms | $385.8K | $409.9K | +6.2% |
| 4 Bedrooms | $497.5K | $525K | +5.5% |
| 5+ Bedrooms | $519.9K | $585K | +12.5% |
Summary: 19734 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 increased by 7.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 19734, DE
How many homes are available in 19734, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 79 | +2.6% |
Summary: The 19734 real estate market had 79 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 19734 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 decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19734, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 19734 in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 55% were sold at asking, and 27% were sold over asking.
Days on Market for 19734, DE
How long does it take to sell a home in 19734, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 56 Days | +56.4% |
Summary: Homes in 19734 had an average of 56 days on market in Mar 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19734 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 19734; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
