Is Townsend, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Townsend has remained a Seller's Market.
Key Takeaway
Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Townsend, DE
How much do homes in Townsend, DE cost?
Median Sold Price
$440,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Townsend have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Townsend was $440,000 in April 2024, up 7.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $422.5K | +92.0% |
| 3 Bedrooms | $378K | $385K | +1.8% |
| 4 Bedrooms | $505K | $535K | +5.9% |
| 5+ Bedrooms | $475K | $573.5K | +20.7% |
Summary: Townsend housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 20.7%.
Median Sold Price Compared To Nearby Cities
| Townsend | $410.4K | $440K | +7.2% |
| Middletown-Odessa | $457.8K | $476K | +4.0% |
Housing Supply in Townsend, DE
How many homes are available in Townsend, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 61 | +5.2% |
Summary: The Townsend real estate market had 61 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Townsend housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Townsend in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 60% were sold at asking, and 13% were sold over asking.
Days on Market for Townsend, DE
How long does it take to sell a home in Townsend, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 88 Days | +71.5% |
Summary: Homes in Townsend had an average of 88 days on market in Apr 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Townsend are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 15 homes were sold in Townsend; 40% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
