Is 19802, 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, 19802 was a Seller's Market.
Housing Prices in 19802, DE
How much do homes in 19802, DE cost?
Median Sold Price
$195,633
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 19802 was $195,633 in March 2024, up 3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $130.2K | +13.3% |
2 Bedrooms | $152.5K | $175K | +14.8% |
3 Bedrooms | $189.9K | $195K | +2.7% |
4 Bedrooms | $258.5K | $253K | -2.1% |
5+ Bedrooms | $412.5K | $297.5K | -27.9% |
Summary: 19802 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 27.9%.
Housing Supply in 19802, DE
How many homes are available in 19802, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
170 | 169 | -0.6% |
Summary: The 19802 real estate market had 169 homes for sale in March 2024, a 0.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 125 | 122 | -2.4% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 19802 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 21.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 19802 in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for 19802, DE
How long does it take to sell a home in 19802, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 24 Days | +28.7% |
Summary: Homes in 19802 had an average of 24 days on market in Mar 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 19802; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.