Is Central Kent, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Kent is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Central Kent was a Seller's Market.

Key Takeaway

Central Kent is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Central Kent, DE

How much do homes in Central Kent, DE cost?

Median Sold Price

$395,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,000(+1.3%)

Key Takeaway

Homes in Central Kent have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Central Kent was $395,000 in June 2024, up 1.3% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $290K$284.9K
-1.7%
3 $331.4K$341.5K
+3.0%
4 $425K$450K
+5.9%
5+ $455K$530K
+16.5%

Summary: Central Kent housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 16.5%.

Median Sold Price Compared To Nearby Cities

Camden
+20.9%
Camden Wyoming
+6.3%
Central Kent
+1.3%

Housing Supply in Central Kent, DE

How many homes are available in Central Kent, DE?

Number of Homes For Sale

May 2024Jun 2024CHANGE
127124-2.4%

Summary: The Central Kent real estate market had 124 homes for sale in June 2024, a 2.4% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 95
-44.4%
3 5755
-3.5%
4 5054
+8.0%
5+ 1110
-9.1%

Summary: The Central Kent housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 44.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3318-45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Kent, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Central Kent in June 2024, down by 45.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Jun 2023Jun 2024CHANGE
28 Days26 Days-9.2%

Summary: Homes in Central Kent had an average of 26 days on market in Jun 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Kent are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 18 homes were sold in Central Kent; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Central Kent, DE

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