Is 19971, 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, 19971 has remained a Buyer's Market.
Key Takeaway
19971 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19971, DE
How much do homes in 19971, DE cost?
Median Sold Price
$763,114
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19971 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 19971 was $763,114 in March 2024, up 9.8% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $398K | $430.5K | +8.2% |
| 2 Bedrooms | $487.5K | $435K | -10.8% |
| 3 Bedrooms | $575K | $635K | +10.4% |
| 4 Bedrooms | $870K | $860K | -1.1% |
| 5+ Bedrooms | $1.3M | $1.1M | -20.0% |
Summary: 19971 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 20%.
Housing Supply in 19971, DE
How many homes are available in 19971, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 269 | 288 | +7.1% |
Summary: The 19971 real estate market had 288 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 39 | 45 | +15.4% |
| 3 Bedrooms | 67 | 68 | +1.5% |
| 4 Bedrooms | 89 | 98 | +10.1% |
| 5+ Bedrooms | 70 | 72 | +2.9% |
Summary: The 19971 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19971, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 19971 in March 2024, down by 23.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 19971, DE
How long does it take to sell a home in 19971, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 46 Days | +275.8% |
Summary: Homes in 19971 had an average of 46 days on market in Mar 2024, up by 275.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19971 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 19971; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
