Is Central Kent, 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, Central Kent was a Seller's Market.
Housing Prices in Central Kent, DE
How much do homes in Central Kent, DE cost?
Median Sold Price
$399,900
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Kent was $399,900 in May 2024, up 2.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $300K | +1.7% |
3 Bedrooms | $329.9K | $340K | +3.1% |
4 Bedrooms | $417.9K | $450K | +7.7% |
5+ Bedrooms | $450K | $547.5K | +21.7% |
Summary: Central Kent 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 increased by 3.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
Camden | $271K | $340K | +25.5% |
Camden Wyoming | $330K | $375K | +13.6% |
Central Kent | $390K | $399.9K | +2.5% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
111 | 123 | +10.8% |
Summary: The Central Kent real estate market had 123 homes for sale in May 2024, a 10.8% 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 | 9 | -10.0% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 43 | 51 | +18.6% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Central Kent 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 decreased by 10%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Central Kent in May 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Central Kent, DE
How long does it take to sell a home in Central Kent, DE?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 47 Days | +11.5% |
Summary: Homes in Central Kent had an average of 47 days on market in May 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Central Kent; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.