Is 19962, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 19962 was a Seller's Market.
Housing Prices in 19962, DE
How much do homes in 19962, DE cost?
Median Sold Price
$397,750
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 19962 was $397,750 in March 2024, up 1.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $379.9K | $352.4K | -7.2% |
3 Bedrooms | $340K | $334.9K | -1.5% |
4 Bedrooms | $416.4K | $434K | +4.2% |
5+ Bedrooms | $433.4K | $425K | -1.9% |
Summary: 19962 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in 19962, DE
How many homes are available in 19962, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 82 | +6.5% |
Summary: The 19962 real estate market had 82 homes for sale in March 2024, a 6.5% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 38 | 37 | -2.6% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 19962 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 25%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 19962 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for 19962, DE
How long does it take to sell a home in 19962, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 41 Days | +34.8% |
Summary: Homes in 19962 had an average of 41 days on market in Mar 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 19962; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.