$5,284 Closing Credit*
$445,000
2,919 SqFt
3 Beds
•2 Full Baths, 1 Partial
Yvonne M Hall, Listing Office: Keller Williams Realty Central-Delaware
Is Central Kent, 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, Central Kent has remained a Seller's Market.
Key Takeaway
Central Kent is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Kent, DE
How much do homes in Central Kent, DE cost?
Median Sold Price
$404,490
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,490(+3.7%)
Key Takeaway
Homes in Central Kent have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Central Kent was $404,490 in September 2024, up 3.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $300K | +15.4% |
| 3 Bedrooms | $332K | $351.9K | +6.0% |
| 4 Bedrooms | $430K | $460K | +7.0% |
| 5+ Bedrooms | $470K | $515K | +9.6% |
Summary: Central Kent housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Camden | $296K | $330K | +11.5% |
| Camden Wyoming | $350K | $377.5K | +7.9% |
| Central Kent | $390K | $404.4K | +3.7% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 130 | 118 | -9.2% |
Summary: The Central Kent real estate market had 118 homes for sale in September 2024, a 9.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 58 | 53 | -8.6% |
| 4 Bedrooms | 57 | 51 | -10.5% |
| 5+ Bedrooms | 10 | 5 | -50.0% |
Summary: The Central Kent 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 80%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 20 | -53.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Kent, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Central Kent in September 2024, down by 53.5% month-over-month. Of the 20 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Central Kent, DE
How long does it take to sell a home in Central Kent, DE?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +26.0% |
Summary: Homes in Central Kent had an average of 25 days on market in Sep 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Kent are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 20 homes were sold in Central Kent; 85% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
