Is 19734, 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, 19734 has remained a Seller's Market.
Key Takeaway
19734 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19734, DE
How much do homes in 19734, DE cost?
Median Sold Price
$445,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 19734 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 19734 was $445,000 in May 2024, up 1.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $430K | +22.9% |
| 3 Bedrooms | $386.1K | $401.6K | +4.0% |
| 4 Bedrooms | $502.5K | $517.5K | +3.0% |
| 5+ Bedrooms | $509.9K | $580.5K | +13.8% |
Summary: 19734 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 increased by 22.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in 19734, DE
How many homes are available in 19734, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 73 | +14.1% |
Summary: The 19734 real estate market had 73 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 31 | 36 | +16.1% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 19734 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 remained the same, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19734, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 19734 in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.
Days on Market for 19734, DE
How long does it take to sell a home in 19734, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -30.5% |
Summary: Homes in 19734 had an average of 29 days on market in May 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19734 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in 19734; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
