Is Kent County, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Kent County has remained a Seller's Market.
Housing Prices in Kent County, DE
How much do homes in Kent County, DE cost?
Median Sold Price
$339,323
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Kent County was $339,323 in June 2024, up 7.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.8K | $128.5K | -17.0% |
2 Bedrooms | $215K | $222.2K | +3.4% |
3 Bedrooms | $292K | $317.9K | +8.9% |
4 Bedrooms | $398.1K | $419.9K | +5.5% |
5+ Bedrooms | $452.5K | $483.7K | +6.9% |
Summary: Kent County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Counties
Kent County | $315.2K | $339.3K | +7.6% |
New Castle County | $330.4K | $350K | +5.9% |
Sussex County | $461K | $479.6K | +4.0% |
Housing Supply in Kent County, DE
How many homes are available in Kent County, DE?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
728 | 712 | -2.2% |
Summary: The Kent County real estate market had 712 homes for sale in June 2024, a 2.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 60 | 51 | -15.0% |
3 Bedrooms | 359 | 359 | 0.0% |
4 Bedrooms | 264 | 256 | -3.0% |
5+ Bedrooms | 42 | 43 | +2.4% |
Summary: The Kent County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
185 | 154 | -16.8% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
59 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 154 homes were sold or pending in Kent County in June 2024, down by 16.8% month-over-month. Of the 154 sold homes, 32% were sold under asking, 38% were sold at asking, and 29% were sold over asking.
Days on Market for Kent County, DE
How long does it take to sell a home in Kent County, DE?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 25 Days | +3.8% |
Summary: Homes in Kent County had an average of 25 days on market in Jun 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 154 homes were sold in Kent County; 74% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.