Is New Castle 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, New Castle County has remained a Seller's Market.
Housing Prices in New Castle County, DE
How much do homes in New Castle County, DE cost?
Median Sold Price
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in New Castle County was $350,000 in June 2024, up 5.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $160K | +16.8% |
2 Bedrooms | $220K | $245.1K | +11.4% |
3 Bedrooms | $299.9K | $324.7K | +8.3% |
4 Bedrooms | $444.9K | $475K | +6.7% |
5+ Bedrooms | $550K | $575.5K | +4.6% |
Summary: New Castle County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
Salem County | $225K | $255.7K | +13.7% |
Chester County | $482.1K | $511K | +6.0% |
New Castle County | $330.4K | $350K | +5.9% |
Delaware County | $317.9K | $335.3K | +5.5% |
Cecil County | $329.9K | $340K | +3.1% |
Housing Supply in New Castle County, DE
How many homes are available in New Castle County, DE?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,612 | 1,617 | 0.3% |
Summary: The New Castle County real estate market had 1,617 homes for sale in June 2024, a 0.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 22 | 0.0% |
2 Bedrooms | 202 | 222 | +9.9% |
3 Bedrooms | 769 | 752 | -2.2% |
4 Bedrooms | 494 | 491 | -0.6% |
5+ Bedrooms | 125 | 130 | +4.0% |
Summary: The New Castle 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 increased by 9.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
485 | 449 | -7.4% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
115 Homes Were Sold
At Asking
228 Homes Were Sold
Over Asking
Summary: A total of 449 homes were sold or pending in New Castle County in June 2024, down by 7.4% month-over-month. Of the 449 sold homes, 24% were sold under asking, 26% were sold at asking, and 51% were sold over asking.
Days on Market for New Castle County, DE
How long does it take to sell a home in New Castle County, DE?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 16 Days | -13.5% |
Summary: Homes in New Castle County had an average of 16 days on market in Jun 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
388 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During June 2024, 449 homes were sold in New Castle County; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.