Is Kent County, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kent County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Kent County, DE cost?

Median Sold Price

$314,460

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$33,242(+11.8%)

Key Takeaway

Homes in Kent County have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $97K$154.8K
+59.6%
2 $171.5K$191.5K
+11.7%
3 $254.7K$284.8K
+11.8%
4 $345.1K$380.8K
+10.4%
5+ $415K$452.5K
+9.0%

Median Sold Price Compared To Nearby Counties

Sussex County
+15.0%
Kent County
+11.8%
New Castle County
+11.0%

How many homes are available in Kent County, DE?

Number of Homes For Sale

Oct 2022Nov 2022%
762675-11.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 5859
+1.7%
3 408356
-12.7%
4 249222
-10.8%
5+ 4536
-20.0%

Number of Homes Sold

Oct 2022Nov 2022%
205132-35.6%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kent County, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
19 Days26 Days+34.8%

Breakdown of Home Sale Times

94 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kent County 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 Kent County, DE

Number of homes for sale in Kent County, DE real estate market have reached 675. The inventory of homes for sale in Kent County, DE between October 2022 and November 2022 decreased by 11.4%. While the average time on the market in November 2022 was 26 days, the median list price was $314,460. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 59.6%, prices of 2 bedrooms properties increased by 11.7%, prices of 3 bedrooms properties went up by 11.8%, the cost of 4 bedrooms properties went up by 10.4%, the cost of 5 bedrooms properties went up by 9%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 1.7%, 3 bedrooms homes became 12.7% less available, 4 bedrooms homes inventory decreased by 10.8%, number of 5 bedrooms homes decreased by 20%. Over 25 listings were sold over their listed price in November 2022 in Kent County, DE. In the same period over 55 listings were sold below the listed price and 52 listings were sold for the listed price.

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