Is Central Kent, 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, Central Kent has remained a Buyer's Market.
Key Takeaway
Central Kent is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Kent, DE
How much do homes in Central Kent, DE cost?
Median Sold Price
$390,666
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Central Kent has remained the same since last year.
Summary: The median home sold price in Central Kent was $390,666 in March 2024, up 0.2% 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 | - | - | N/A |
| 2 Bedrooms | $314.9K | $260K | -17.4% |
| 3 Bedrooms | $329.9K | $334.4K | +1.4% |
| 4 Bedrooms | $425K | $448.7K | +5.6% |
| 5+ Bedrooms | $450K | $502.4K | +11.7% |
Summary: Central Kent 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 decreased by 17.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Camden Wyoming | $320K | $364K | +13.8% |
| Camden | $267K | $302.5K | +13.3% |
| Central Kent | $389.9K | $390.6K | 0.2% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 157 | 166 | +5.7% |
Summary: The Central Kent real estate market had 166 homes for sale in March 2024, a 5.7% 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 | 8 | 12 | +50.0% |
| 3 Bedrooms | 83 | 79 | -4.8% |
| 4 Bedrooms | 59 | 65 | +10.2% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Central Kent 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 50%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Kent, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Central Kent in March 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 42% were sold at asking, and 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 37 Days | +21.4% |
Summary: Homes in Central Kent had an average of 37 days on market in Mar 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were 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 March 2024, 19 homes were sold in Central Kent; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
