Is Harrington, 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, Harrington was a Seller's Market.
Key Takeaway
Harrington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harrington, DE
How much do homes in Harrington, DE cost?
Median Sold Price
$303,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harrington have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Harrington was $303,000 in March 2024, up 12.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $158.5K | $245K | +54.6% |
| 3 Bedrooms | $279.4K | $307.4K | +10.0% |
| 4 Bedrooms | $277K | $331.5K | +19.7% |
| 5+ Bedrooms | $370K | $310.5K | -16.1% |
Summary: Harrington 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 increased by 54.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes decreased by 16.1%.
Housing Supply in Harrington, DE
How many homes are available in Harrington, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Harrington real estate market had 59 homes for sale in March 2024, a 1.7% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Harrington 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 decreased by 14.3%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrington, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Harrington in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.
Days on Market for Harrington, DE
How long does it take to sell a home in Harrington, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 23 Days | -53.7% |
Summary: Homes in Harrington had an average of 23 days on market in Mar 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harrington are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Harrington; 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.
