Is Piedmont, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Piedmont was a Buyer's Market.
Housing Prices in Piedmont, DE
How much do homes in Piedmont, DE cost?
Median Sold Price
$621,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Piedmont was $621,000 in February 2024, up 7.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $305K | $325K | +6.6% |
3 Bedrooms | $485K | $523.5K | +7.9% |
4 Bedrooms | $581K | $641K | +10.3% |
5+ Bedrooms | $964.4K | $810K | -16.0% |
Summary: Piedmont housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Cities
Piedmont | $580K | $621K | +7.1% |
Kennett Township | $550K | $577.5K | +5.0% |
Hockessin | $520K | $535K | +2.9% |
Housing Supply in Piedmont, DE
How many homes are available in Piedmont, DE?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
108 | 103 | -4.6% |
Summary: The Piedmont real estate market had 103 homes for sale in February 2024, a 4.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 53 | 47 | -11.3% |
5+ Bedrooms | 35 | 33 | -5.7% |
Summary: The Piedmont housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Piedmont in February 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Piedmont, DE
How long does it take to sell a home in Piedmont, DE?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +13.1% |
Summary: Homes in Piedmont had an average of 54 days on market in Feb 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in Piedmont; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.