Is 19806, 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, 19806 has remained a Seller's Market.
Key Takeaway
19806 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19806, DE
How much do homes in 19806, DE cost?
Median Sold Price
$340,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19806 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 19806 was $340,000 in March 2024, up 6.3% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.7K | $155K | +17.6% |
| 2 Bedrooms | $280K | $265K | -5.4% |
| 3 Bedrooms | $392K | $407.5K | +4.0% |
| 4 Bedrooms | $532.5K | $599K | +12.5% |
| 5+ Bedrooms | $592.5K | $461K | -22.2% |
Summary: 19806 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 22.2%.
Housing Supply in 19806, DE
How many homes are available in 19806, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Summary: The 19806 real estate market had 67 homes for sale in March 2024, a 4.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 16 | 22 | +37.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 19806 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19806, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 19806 in March 2024, the same as the previous month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% were sold over asking.
Days on Market for 19806, DE
How long does it take to sell a home in 19806, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -6.0% |
Summary: Homes in 19806 had an average of 32 days on market in Mar 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19806 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in 19806; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
