Is 19970, 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, 19970 was a Seller's Market.
Housing Prices in 19970, DE
How much do homes in 19970, DE cost?
Median Sold Price
$503,333
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 19970 was $503,333 in May 2024, up 0.7% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | - | N/A |
2 Bedrooms | $358.7K | $365K | +1.7% |
3 Bedrooms | $450K | $442.5K | -1.7% |
4 Bedrooms | $615K | $605K | -1.6% |
5+ Bedrooms | $949.9K | $760K | -20.0% |
Summary: 19970 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 1.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 20%.
Housing Supply in 19970, DE
How many homes are available in 19970, DE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 168 | +18.3% |
Summary: The 19970 real estate market had 168 homes for sale in May 2024, a 18.3% 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 | 10 | 15 | +50.0% |
3 Bedrooms | 66 | 70 | +6.1% |
4 Bedrooms | 52 | 63 | +21.2% |
5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The 19970 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 50%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 19970 in May 2024, down by 15.8% month-over-month. Of the 16 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 19970, DE
How long does it take to sell a home in 19970, DE?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 29 Days | -31.0% |
Summary: Homes in 19970 had an average of 29 days on market in May 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in 19970; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.