Is 19709, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 19709 has remained a Seller's Market.
Key Takeaway
19709 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19709, DE
How much do homes in 19709, DE cost?
Median Sold Price
$499,972
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 19709 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 19709 was $499,972 in May 2024, up 5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $386K | $385.9K | 0% |
| 3 Bedrooms | $360K | $400K | +11.1% |
| 4 Bedrooms | $575K | $595K | +3.5% |
| 5+ Bedrooms | $613.5K | $674.9K | +10.0% |
Summary: 19709 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Zip Codes
| 19709 | $476.3K | $499.9K | +5.0% |
| 19734 | $440K | $445K | +1.1% |
Housing Supply in 19709, DE
How many homes are available in 19709, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 194 | 214 | +10.3% |
Summary: The 19709 real estate market had 214 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 89 | 89 | 0.0% |
| 4 Bedrooms | 75 | 89 | +18.7% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 19709 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19709, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in 19709 in May 2024, up by 56.5% month-over-month. Of the 36 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 19709, DE
How long does it take to sell a home in 19709, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 31 Days | +194.6% |
Summary: Homes in 19709 had an average of 31 days on market in May 2024, up by 194.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19709 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in 19709; 75% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
