Is 19801, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 19801 was a Seller's Market.
Key Takeaway
19801 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19801, DE
How much do homes in 19801, DE cost?
Median Sold Price
$179,450
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 19801 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 19801 was $179,450 in May 2024, up 3.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $240.9K | +12.1% |
| 2 Bedrooms | $195K | $154K | -21.0% |
| 3 Bedrooms | $159.2K | $170K | +6.8% |
| 4 Bedrooms | $150K | $213K | +42.0% |
| 5+ Bedrooms | $175K | $277.5K | +58.6% |
Summary: 19801 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 21%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 42%, and 5+ bedroom homes increased by 58.6%.
Housing Supply in 19801, DE
How many homes are available in 19801, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 61 | +27.1% |
Summary: The 19801 real estate market had 61 homes for sale in May 2024, a 27.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 24 | 32 | +33.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 19801 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 26.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19801, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 19801 in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.
Days on Market for 19801, DE
How long does it take to sell a home in 19801, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 16 Days | -63.9% |
Summary: Homes in 19801 had an average of 16 days on market in May 2024, down by 63.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19801 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in 19801; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
