Is 19809, 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, 19809 has remained a Seller's Market.
Key Takeaway
19809 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19809, DE
How much do homes in 19809, DE cost?
Median Sold Price
$305,000
$180/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in 19809 has remained the same since last year.
Summary: The median home sold price in 19809 was $305,000 in March 2024, the same as last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $90K | +3.4% |
| 2 Bedrooms | $184K | $184.5K | 0.3% |
| 3 Bedrooms | $300K | $305K | +1.7% |
| 4 Bedrooms | $415K | $399.9K | -3.6% |
| 5+ Bedrooms | $380K | $535K | +40.8% |
Summary: 19809 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 40.8%.
Housing Supply in 19809, DE
How many homes are available in 19809, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The 19809 real estate market had 62 homes for sale in March 2024, a 24.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 13 | 18 | +38.5% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 10 | 17 | +70.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 19809 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 70%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19809, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 19809 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for 19809, DE
How long does it take to sell a home in 19809, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 29 Days | +300.4% |
Summary: Homes in 19809 had an average of 29 days on market in Mar 2024, up by 300.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19809 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 19809; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
