Is 19975, 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, 19975 was a Seller's Market.
Key Takeaway
19975 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19975, DE
How much do homes in 19975, DE cost?
Median Sold Price
$540,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 19975 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 19975 was $540,000 in April 2024, up 6.4% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $329.6K | +9.9% |
| 3 Bedrooms | $482.4K | $518.5K | +7.5% |
| 4 Bedrooms | $535K | $630K | +17.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.0% |
Summary: 19975 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 9.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 19975 | $507.5K | $540K | +6.4% |
| 19945 | $500.5K | $522.5K | +4.4% |
| 19944 | $1.2M | $935K | -22.1% |
Housing Supply in 19975, DE
How many homes are available in 19975, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 133 | 153 | +15.0% |
Summary: The 19975 real estate market had 153 homes for sale in April 2024, a 15.0% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 67 | 67 | 0.0% |
| 4 Bedrooms | 46 | 67 | +45.7% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 19975 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 decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 45.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19975, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 19975 in April 2024, up by 5.3% month-over-month. Of the 20 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for 19975, DE
How long does it take to sell a home in 19975, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 76 Days | +6.2% |
Summary: Homes in 19975 had an average of 76 days on market in Apr 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 19975 has remained consistent over time.
Summary: During April 2024, 20 homes were sold in 19975; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
