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 October 2023

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.

Housing Prices in Hockessin, DE

How much do homes in Hockessin, DE cost?

Median Sold Price

$597,009

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$69,509(+13.2%)

Key Takeaway

Homes in Hockessin have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Hockessin was $597,009 in October 2024, up 13.2% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $317.5K$325K
+2.4%
3 $453K$423.7K
-6.5%
4 $620K$645K
+4.0%
5+ $780K$760K
-2.6%

Summary: Hockessin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

Kennett Township
+14.9%
Hockessin
+13.2%
Piedmont
+5.9%
Pike Creek-Central Kirkwood
+1.5%

Housing Supply in Hockessin, DE

How many homes are available in Hockessin, DE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4044+10.0%

Summary: The Hockessin real estate market had 44 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 58
+60.0%
4 2929
0.0%
5+ 66
0.0%

Summary: The Hockessin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hockessin, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Hockessin in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.

Days on Market for Hockessin, DE

How long does it take to sell a home in Hockessin, DE?

Average Sale Time

Oct 2023Oct 2024CHANGE
6 Days21 Days+257.1%

Summary: Homes in Hockessin had an average of 21 days on market in Oct 2024, up by 257.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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.

Summary: During October 2024, 17 homes were sold in Hockessin; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

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

Report Updated 7 Days Ago

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