Is 19977, 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, 19977 has remained a Buyer's Market.
Key Takeaway
19977 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19977, DE
How much do homes in 19977, DE cost?
Median Sold Price
$365,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 19977 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 19977 was $365,000 in March 2024, up 10.6% 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 | $140K | - | N/A |
| 2 Bedrooms | $344.9K | $358K | +3.8% |
| 3 Bedrooms | $295K | $326K | +10.5% |
| 4 Bedrooms | $449.5K | $477K | +6.1% |
| 5+ Bedrooms | $462.5K | $550K | +18.9% |
Summary: 19977 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 3.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in 19977, DE
How many homes are available in 19977, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 162 | 165 | +1.9% |
Summary: The 19977 real estate market had 165 homes for sale in March 2024, a 1.9% 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 | 24 | 27 | +12.5% |
| 3 Bedrooms | 73 | 73 | 0.0% |
| 4 Bedrooms | 59 | 60 | +1.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 19977 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 13 | -48.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19977, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 19977 in March 2024, down by 48.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.
Days on Market for 19977, DE
How long does it take to sell a home in 19977, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +128.5% |
Summary: Homes in 19977 had an average of 47 days on market in Mar 2024, up by 128.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19977 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 19977; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
