Is Hockessin, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hockessin is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hockessin has remained a Seller's Market.

Key Takeaway

Hockessin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hockessin, DE cost?

Median Sold Price

$505,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$40,000(+8.6%)

Key Takeaway

Homes in Hockessin have sold for 8.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $249.9K$312.5K
+25.1%
3 $345.5K$368K
+6.5%
4 $520K$547.9K
+5.4%
5+ $662.5K$630K
-4.9%

Median Sold Price Compared To Nearby Cities

Hockessin
+8.6%
Piedmont
+7.0%
Pike Creek-Central Kirkwood
+3.3%
Kennett Township
-10.9%

How many homes are available in Hockessin, DE?

Number of Homes For Sale

Jul 2022Aug 2022%
3239+21.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 1214
+16.7%
4 1417
+21.4%
5+ 46
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
210+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hockessin, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days16 Days+20.2%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hockessin are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hockessin, DE

Number of homes for sale in Hockessin, DE real estate market have reached 39. Between July 2022 and August 2022, Hockessin, DE real estate market has seen increase in the number of listings by 21.9%. Listings spent 16 days on the market in August 2022, and had a median list price of $505,000 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 25.1%, 3 bedrooms properties became 6.5% more expensive, prices of 4 bedrooms properties went up by 5.4%, prices of 5 bedrooms properties decreased by 4.9%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went up by 16.7%, the quantity of 4 bedrooms homes went up by 21.4%, number of 5 bedrooms homes increased by 50%. Hockessin, DE housing market in August 2022 saw over 4 listings sold above listed price, more than 3 sold at listed price and over 3 sold below.

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