Is 19973, 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, 19973 has remained a Buyer's Market.
Key Takeaway
19973 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19973, DE
How much do homes in 19973, DE cost?
Median Sold Price
$291,050
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19973 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 19973 was $291,050 in March 2024, up 9.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $199.9K | $205.4K | +2.8% |
| 3 Bedrooms | $269.9K | $295K | +9.3% |
| 4 Bedrooms | $330K | $343K | +3.9% |
| 5+ Bedrooms | $290.8K | $275K | -5.4% |
Summary: 19973 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 2.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 19973, DE
How many homes are available in 19973, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 128 | +6.7% |
Summary: The 19973 real estate market had 128 homes for sale in March 2024, a 6.7% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 81 | 82 | +1.2% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 19973 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 remained the same, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19973, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 19973 in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for 19973, DE
How long does it take to sell a home in 19973, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 55 Days | +5.0% |
Summary: Homes in 19973 had an average of 55 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19973 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in 19973; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
