Is Kent County, 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, Kent County was a Seller's Market.
Housing Prices in Kent County, DE
How much do homes in Kent County, DE cost?
Median Sold Price
$329,729
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kent County was $329,729 in March 2024, up 4.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.8K | $100K | -35.4% |
2 Bedrooms | $210K | $216K | +2.9% |
3 Bedrooms | $287K | $310K | +8.0% |
4 Bedrooms | $393.3K | $415K | +5.5% |
5+ Bedrooms | $450K | $485K | +7.8% |
Summary: Kent County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
Sussex County | $450.6K | $474.8K | +5.4% |
Kent County | $315K | $329.7K | +4.6% |
New Castle County | $327.6K | $341.3K | +4.2% |
Housing Supply in Kent County, DE
How many homes are available in Kent County, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
932 | 945 | +1.4% |
Summary: The Kent County real estate market had 945 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 82 | 87 | +6.1% |
3 Bedrooms | 476 | 471 | -1.1% |
4 Bedrooms | 315 | 327 | +3.8% |
5+ Bedrooms | 57 | 57 | 0.0% |
Summary: The Kent County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 117 | -5.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 117 homes were sold or pending in Kent County in March 2024, down by 5.6% month-over-month. Of the 117 sold homes, 29% were sold under asking, 47% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 39 Days | +25.5% |
Summary: Homes in Kent County had an average of 39 days on market in Mar 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 117 homes were sold in Kent County; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.