$4,946 Closing Credit*
$416,500
1,833 SqFt
2 Beds
•2 Full Baths
Amy Mullen, Listing Office: Iron Valley Real Estate Premier
Is Felton, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Felton has remained a Seller's Market.
Key Takeaway
Felton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Felton, DE
How much do homes in Felton, DE cost?
Median Sold Price
$382,450
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,622(+5.4%)
Key Takeaway
Homes in Felton have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Felton was $382,450 in August 2024, up 5.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $223.7K | $240K | +7.3% |
| 3 Bedrooms | $347.5K | $350K | +0.7% |
| 4 Bedrooms | $412K | $424.4K | +3.0% |
| 5+ Bedrooms | $455K | $629.6K | +38.4% |
Summary: Felton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 38.4%.
Housing Supply in Felton, DE
How many homes are available in Felton, DE?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The Felton real estate market had 74 homes for sale in August 2024, a 1.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Felton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 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 August 2024, down by 31.6% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 29 Days | 51 Days | +71.3% |
Summary: Homes in Felton had an average of 51 days on market in Aug 2024, up by 71.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 August 2024, 13 homes were sold in Felton; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
