Is 19807, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, 19807 was a Neutral Market.
Key Takeaway
19807 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19807, DE
How much do homes in 19807, DE cost?
Median Sold Price
$897,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in 19807 have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in 19807 was $897,000 in November 2023, up 13.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $627.4K | $678K | +8.1% |
| 4 Bedrooms | $765K | $875K | +14.4% |
| 5+ Bedrooms | $985K | $1.4M | +49.7% |
Summary: 19807 housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 49.7%.
Median Sold Price Compared To Nearby Zip Codes
| 19805 | $190K | $220K | +15.8% |
| 19807 | $787.5K | $897K | +13.9% |
Housing Supply in 19807, DE
How many homes are available in 19807, DE?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The 19807 real estate market had 59 homes for sale in November 2023, a 7.3% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 19807 housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19807, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 19807 in November 2023, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 19807, DE
How long does it take to sell a home in 19807, DE?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 49 Days | 61 Days | +24.1% |
Summary: Homes in 19807 had an average of 61 days on market in Nov 2023, up by 24.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19807 are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 2 homes were sold in 19807; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
