Is 19947, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 19947 was a Seller's Market.
Key Takeaway
19947 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19947, DE
How much do homes in 19947, DE cost?
Median Sold Price
$375,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19947 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 19947 was $375,000 in April 2024, up 1.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $230K | $295K | +28.3% |
| 3 Bedrooms | $359.5K | $381.9K | +6.2% |
| 4 Bedrooms | $440K | $383K | -13.0% |
| 5+ Bedrooms | $457.5K | $565K | +23.5% |
Summary: 19947 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 23.5%.
Housing Supply in 19947, DE
How many homes are available in 19947, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 109 | +22.5% |
Summary: The 19947 real estate market had 109 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 55 | 74 | +34.5% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 19947 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 34.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19947, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 19947 in April 2024, up by 114.3% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for 19947, DE
How long does it take to sell a home in 19947, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 108 Days | 50 Days | -53.7% |
Summary: Homes in 19947 had an average of 50 days on market in Apr 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19947 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 19947; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
