$3,859 Closing Credit*
$325,000
1,500 SqFt
2 Beds
•2 Full Baths
Jeffrey B Kralovec, Listing Office: Compass
Is Brandywine, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Brandywine has remained a Seller's Market.
Key Takeaway
Brandywine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandywine, DE
How much do homes in Brandywine, DE cost?
Median Sold Price
$415,109
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$19,916(+5.0%)
Key Takeaway
Homes in Brandywine have sold for 5% more than they did a year ago.
Summary: The median home sold price in Brandywine was $415,109 in September 2024, up 5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.9K | $130.5K | +36.1% |
| 2 Bedrooms | $200K | $223.1K | +11.6% |
| 3 Bedrooms | $370K | $397.5K | +7.4% |
| 4 Bedrooms | $467.5K | $480K | +2.7% |
| 5+ Bedrooms | $497K | $582.8K | +17.3% |
Summary: Brandywine housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
| Bethel Township | $525.5K | $555K | +5.6% |
| Brandywine | $395.1K | $415.1K | +5.0% |
Housing Supply in Brandywine, DE
How many homes are available in Brandywine, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 197 | 197 | 0.0% |
Summary: The Brandywine real estate market had 197 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 86 | 88 | +2.3% |
| 4 Bedrooms | 77 | 71 | -7.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Brandywine housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 74 | 47 | -36.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, expect to pay close to the asking price. 38.3% of homes here sold near the asking price last month.
Summary: A total of 47 homes were sold or pending in Brandywine in September 2024, down by 36.5% month-over-month. Of the 47 sold homes, 26% were sold under asking, 38% were sold at asking, and 36% were sold over asking.
Days on Market for Brandywine, DE
How long does it take to sell a home in Brandywine, DE?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +19.5% |
Summary: Homes in Brandywine had an average of 15 days on market in Sep 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandywine are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 47 homes were sold in Brandywine; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
