$3,741 Closing Credit*
$315,000
1,425 SqFt
3 Beds
•2 Full Baths
Chardae Eduruke, Listing Office: Taylor Properties
Is Glasgow, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Glasgow has remained a Seller's Market.
Key Takeaway
Glasgow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glasgow, DE
How much do homes in Glasgow, DE cost?
Median Sold Price
$420,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$50,000(+13.5%)
Key Takeaway
Homes in Glasgow have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Glasgow was $420,000 in September 2024, up 13.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $179.5K | +26.0% |
| 2 Bedrooms | $260K | $355K | +36.5% |
| 3 Bedrooms | $330.5K | $370.5K | +12.1% |
| 4 Bedrooms | $495.9K | $517.5K | +4.3% |
| 5+ Bedrooms | $555K | $569.9K | +2.7% |
Summary: Glasgow housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 36.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Glasgow | $370K | $420K | +13.5% |
| Upper Christiana | $310K | $335.5K | +8.2% |
| Newark | $339.9K | $359.4K | +5.7% |
| Bear | $397.8K | $410.3K | +3.1% |
| Red Lion | $485K | $488K | +0.6% |
Housing Supply in Glasgow, DE
How many homes are available in Glasgow, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 106 | 94 | -11.3% |
Summary: The Glasgow real estate market had 94 homes for sale in September 2024, a 11.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 35 | 29 | -17.1% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Glasgow housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glasgow, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Glasgow in September 2024, down by 21.1% month-over-month. Of the 30 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 8 Days | 15 Days | +76.0% |
Summary: Homes in Glasgow had an average of 15 days on market in Sep 2024, up by 76% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 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 September 2024, 30 homes were sold in Glasgow; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
