$4,809 Closing Credit*
$405,000
1,792 SqFt
3 Beds
•2 Full Baths
Eric L Buckson, Listing Office: Century 21 Harrington Realty, Inc
Is Frederica, 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, Frederica has remained a Seller's Market.
Key Takeaway
Frederica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederica, DE
How much do homes in Frederica, DE cost?
Median Sold Price
$389,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$39,000(+11.1%)
Key Takeaway
Homes in Frederica have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Frederica was $389,000 in August 2024, up 11.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $172.5K | $243K | +40.9% |
| 3 Bedrooms | $339K | $330K | -2.7% |
| 4 Bedrooms | $410K | $422.9K | +3.2% |
| 5+ Bedrooms | $510K | $467.5K | -8.3% |
Summary: Frederica 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 40.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Frederica | $350K | $389K | +11.1% |
| Milford | $315K | $348.4K | +10.6% |
| Milford North | $335K | $363.5K | +8.5% |
| Central Kent | $390K | $400K | +2.6% |
Housing Supply in Frederica, DE
How many homes are available in Frederica, DE?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Frederica real estate market had 28 homes for sale in August 2024, a 6.7% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Frederica 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frederica, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Frederica in August 2024, down by 30.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +97.1% |
Summary: Homes in Frederica had an average of 46 days on market in Aug 2024, up by 97.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Frederica has remained consistent over time.
Summary: During August 2024, 7 homes were sold in Frederica; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
