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 neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, New Castle County was a Seller's Market.

Key Takeaway

New Castle County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in New Castle County, DE

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

Median Sold Price

$339,978

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$15,058(+4.6%)

Key Takeaway

Homes in New Castle County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in New Castle County was $339,978 in January 2024, up 4.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $126K$153.9K
+22.2%
2 $216.2K$230K
+6.4%
3 $290K$314.8K
+8.5%
4 $440K$464.1K
+5.5%
5+ $540K$559K
+3.5%

Summary: New Castle County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Counties

Salem County
+10.4%
Chester County
+8.3%
Cecil County
+8.0%
New Castle County
+4.6%
Delaware County
+3.6%

Housing Supply in New Castle County, DE

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

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1,8421,773-3.7%

Summary: The New Castle County real estate market had 1,773 homes for sale in January 2024, a 3.7% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 2216
-27.3%
2 264261
-1.1%
3 870855
-1.7%
4 518473
-8.7%
5+ 168168
0.0%

Summary: The New Castle County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
410286-30.2%

Asking Price vs. Sold Price

113 Homes Were Sold
Under Asking

69 Homes Were Sold
At Asking

104 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. 39.5% of homes here sold below asking price last month.

Summary: A total of 286 homes were sold or pending in New Castle County in January 2024, down by 30.2% month-over-month. Of the 286 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% 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

Jan 2023Jan 2024CHANGE
25 Days27 Days+5.6%

Summary: Homes in New Castle County had an average of 27 days on market in Jan 2024, up by 5.6% compared to last year.

Breakdown of Home Sale Times

194 Homes Were Sold
Under 30 Days

71 Homes Were Sold
In 30 - 90 Days

21 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.

Summary: During January 2024, 286 homes were sold in New Castle County; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in New Castle County, DE

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