Is 19808, 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, 19808 has remained a Seller's Market.
Key Takeaway
19808 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19808, DE
How much do homes in 19808, DE cost?
Median Sold Price
$363,300
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19808 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 19808 was $363,300 in March 2024, up 3.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $203K | +1.5% |
| 2 Bedrooms | $237.5K | $250K | +5.3% |
| 3 Bedrooms | $340K | $359K | +5.6% |
| 4 Bedrooms | $390K | $425K | +9.0% |
| 5+ Bedrooms | $450K | $547.4K | +21.7% |
Summary: 19808 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 19808, DE
How many homes are available in 19808, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 112 | +27.3% |
Summary: The 19808 real estate market had 112 homes for sale in March 2024, a 27.3% 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 | 15 | 22 | +46.7% |
| 3 Bedrooms | 44 | 57 | +29.5% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 19808 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 46.7%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19808, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 19808 in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 10% were sold under asking, 50% were sold at asking, and 40% were sold over asking.
Days on Market for 19808, DE
How long does it take to sell a home in 19808, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 7 Days | -47.5% |
Summary: Homes in 19808 had an average of 7 days on market in Mar 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19808 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 19808; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
