Is New Castle, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, New Castle has remained a Seller's Market.
Key Takeaway
New Castle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Castle, DE
How much do homes in New Castle, DE cost?
Median Sold Price
$274,983
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in New Castle has remained the same since last year.
Summary: The median home sold price in New Castle was $274,983 in March 2024, the same as last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | $151K | $200K | +32.5% |
| 3 Bedrooms | $252.5K | $265K | +5.0% |
| 4 Bedrooms | $325K | $350.7K | +7.9% |
| 5+ Bedrooms | $416.2K | $389.9K | -6.3% |
Summary: New Castle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in New Castle, DE
How many homes are available in New Castle, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 184 | 188 | +2.2% |
Summary: The New Castle real estate market had 188 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 110 | 115 | +4.5% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The New Castle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in New Castle in March 2024, down by 7.5% month-over-month. Of the 37 sold homes, 11% were sold under asking, 41% were sold at asking, and 49% were sold over asking.
Days on Market for New Castle, DE
How long does it take to sell a home in New Castle, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -40.5% |
Summary: Homes in New Castle had an average of 13 days on market in Mar 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Castle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in New Castle; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
