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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Castle County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in New Castle County, DE cost?

Median Sold Price

$318,591

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$31,469(+11.0%)

Key Takeaway

Homes in New Castle County have sold for 11% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $119.9K$131K
+9.3%
2 $195K$211.3K
+8.4%
3 $261.6K$284.9K
+8.9%
4 $400.3K$431.2K
+7.7%
5+ $520K$559K
+7.5%

Median Sold Price Compared To Nearby Counties

New Castle County
+11.0%
Chester County
+9.4%
Cecil County
+7.1%
Delaware County
+5.7%
Salem County
+4.0%

How many homes are available in New Castle County, DE?

Number of Homes For Sale

Oct 2022Nov 2022%
1,8621,671-10.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2725
-7.4%
2 245228
-6.9%
3 863783
-9.3%
4 566498
-12.0%
5+ 161137
-14.9%

Number of Homes Sold

Oct 2022Nov 2022%
523402-23.1%

Asking Price vs. Sold Price

141 Homes Were Sold
Under Asking

121 Homes Were Sold
At Asking

140 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Castle County, you may be able to get a good deal. 35.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
19 Days19 Days0.2%

Breakdown of Home Sale Times

324 Homes Were Sold
Under 30 Days

64 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Castle 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 New Castle County, DE

New Castle County, DE has 1,671 homes for sale to choose from. In November 2022 in New Castle County, DE there were 10.3% less homes for sale than in October 2022. In November 2022 median list price was $318,591 and the average listing age was 19 days. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 9.3%, 2 bedrooms properties became 8.4% more expensive, 3 bedrooms properties prices increased by 8.9%, 4 bedrooms properties prices increased by 7.7%, the cost of 5 bedrooms properties went up by 7.5%. This housing market inventory have changed: number of 1 bedroom homes decreased by 7.4%, volume of 2 bedrooms homes went down by 6.9%, number of 3 bedrooms homes decreased by 9.3%, 4 bedrooms homes inventory decreased by 12%, 5 bedrooms homes became 14.9% less available. In November 2022, from all listings sold in New Castle County, DE there were more than 140 sold above asking price, over 141 sold below and more than 121 were sold right at the asked price.

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