Is Felton, 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, Felton has remained a Buyer's Market.
Key Takeaway
Felton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Felton, DE
How much do homes in Felton, DE cost?
Median Sold Price
$379,450
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Felton have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Felton was $379,450 in March 2024, up 10.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $110K | $225K | +104.5% |
| 3 Bedrooms | $321.5K | $350K | +8.9% |
| 4 Bedrooms | $414.5K | $421.4K | +1.7% |
| 5+ Bedrooms | $452.5K | $725K | +60.2% |
Summary: Felton 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 104.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 60.2%.
Housing Supply in Felton, DE
How many homes are available in Felton, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 97 | +7.8% |
Summary: The Felton real estate market had 97 homes for sale in March 2024, a 7.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 54 | 57 | +5.6% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Felton 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 remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Felton, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Felton in March 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.
Days on Market for Felton, DE
How long does it take to sell a home in Felton, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 52 Days | -29.2% |
Summary: Homes in Felton had an average of 52 days on market in Mar 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Felton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Felton; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
