Is Frederica, 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, Frederica has remained a Buyer's Market.
Key Takeaway
Frederica is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frederica, DE
How much do homes in Frederica, DE cost?
Median Sold Price
$332,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frederica have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Frederica was $332,500 in March 2024, down 6.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $215K | -2.3% |
| 3 Bedrooms | $284K | $330K | +16.2% |
| 4 Bedrooms | $402.5K | $465K | +15.5% |
| 5+ Bedrooms | $434.5K | $470K | +8.2% |
Summary: Frederica 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 2.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Milford | $299.9K | $334.1K | +11.4% |
| Central Kent | $389.9K | $390.6K | 0.2% |
| Milford North | $350K | $340K | -2.9% |
| Frederica | $355K | $332.5K | -6.3% |
Housing Supply in Frederica, DE
How many homes are available in Frederica, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Frederica real estate market had 29 homes for sale in March 2024, a 11.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Frederica 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 remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederica, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Frederica in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Frederica, DE
How long does it take to sell a home in Frederica, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 24 Days | +336.4% |
Summary: Homes in Frederica had an average of 24 days on market in Mar 2024, up by 336.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederica are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Frederica; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
