Is Glasgow, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Glasgow was a Seller's Market.
Key Takeaway
Glasgow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glasgow, DE
How much do homes in Glasgow, DE cost?
Median Sold Price
$393,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glasgow have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Glasgow was $393,000 in March 2024, up 1.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.2K | $150K | +10.9% |
| 2 Bedrooms | $259.4K | $302.5K | +16.6% |
| 3 Bedrooms | $334.2K | $345K | +3.2% |
| 4 Bedrooms | $520K | $500K | -3.8% |
| 5+ Bedrooms | $555K | $540K | -2.7% |
Summary: Glasgow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Upper Christiana | $300K | $320K | +6.7% |
| Newark | $329.9K | $345K | +4.6% |
| Bear | $391.7K | $407.5K | +4.0% |
| Glasgow | $385.6K | $393K | +1.9% |
| Red Lion | $475K | $467.5K | -1.6% |
Housing Supply in Glasgow, DE
How many homes are available in Glasgow, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 104 | -5.5% |
Summary: The Glasgow real estate market had 104 homes for sale in March 2024, a 5.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Glasgow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glasgow, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Glasgow in March 2024, down by 38.1% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Glasgow, DE
How long does it take to sell a home in Glasgow, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +37.6% |
Summary: Homes in Glasgow had an average of 22 days on market in Mar 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glasgow are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Glasgow; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
