Is 19970, 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, 19970 was a Neutral Market.
Housing Prices in 19970, DE
How much do homes in 19970, DE cost?
Median Sold Price
$497,472
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 19970 was $497,472 in March 2024, up 2% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | - | N/A |
2 Bedrooms | $357K | $365K | +2.2% |
3 Bedrooms | $448K | $436K | -2.7% |
4 Bedrooms | $622.5K | $610K | -2.0% |
5+ Bedrooms | $985K | $767.5K | -22.1% |
Summary: 19970 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 increased by 2.2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 22.1%.
Housing Supply in 19970, DE
How many homes are available in 19970, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
203 | 214 | +5.4% |
Summary: The 19970 real estate market had 214 homes for sale in March 2024, a 5.4% 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 | 18 | 21 | +16.7% |
3 Bedrooms | 99 | 101 | +2.0% |
4 Bedrooms | 67 | 74 | +10.4% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The 19970 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 16.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 19970 in March 2024, down by 8.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 19970, DE
How long does it take to sell a home in 19970, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 34 Days | -46.3% |
Summary: Homes in 19970 had an average of 34 days on market in Mar 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 19970; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.