Is 19803, 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, 19803 has remained a Seller's Market.
Housing Prices in 19803, DE
How much do homes in 19803, DE cost?
Median Sold Price
$493,333
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 19803 was $493,333 in March 2024, up 6.1% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $340K | $355K | +4.4% |
3 Bedrooms | $400K | $435K | +8.8% |
4 Bedrooms | $525.5K | $570K | +8.5% |
5+ Bedrooms | $505K | $605K | +19.8% |
Summary: 19803 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 4.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in 19803, DE
How many homes are available in 19803, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 80 | +8.1% |
Summary: The 19803 real estate market had 80 homes for sale in March 2024, a 8.1% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 30 | 28 | -6.7% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The 19803 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 20%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 19803 in March 2024, up by 36.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 53% were sold at asking, and 27% were sold over asking.
Days on Market for 19803, DE
How long does it take to sell a home in 19803, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +54.3% |
Summary: Homes in 19803 had an average of 30 days on market in Mar 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 19803; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.