Is 19901, 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, 19901 has remained a Seller's Market.
Key Takeaway
19901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19901, DE
How much do homes in 19901, DE cost?
Median Sold Price
$300,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19901 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 19901 was $300,000 in March 2024, up 3.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $157.1K | -10.2% |
| 2 Bedrooms | $235K | $215K | -8.5% |
| 3 Bedrooms | $271.7K | $296.2K | +9.0% |
| 4 Bedrooms | $360K | $359K | -0.3% |
| 5+ Bedrooms | $499.9K | $459.9K | -8.0% |
Summary: 19901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Zip Codes
| 19904 | $279.9K | $307.2K | +9.7% |
| 19901 | $290K | $300K | +3.4% |
Housing Supply in 19901, DE
How many homes are available in 19901, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 165 | 146 | -11.5% |
Summary: The 19901 real estate market had 146 homes for sale in March 2024, a 11.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 90 | 76 | -15.6% |
| 4 Bedrooms | 46 | 42 | -8.7% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 19901 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 6.3%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19901, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in 19901 in March 2024, down by 20.0% month-over-month. Of the 28 sold homes, 21% were sold under asking, 57% were sold at asking, and 21% were sold over asking.
Days on Market for 19901, DE
How long does it take to sell a home in 19901, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +8.2% |
Summary: Homes in 19901 had an average of 35 days on market in Mar 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19901 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in 19901; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
