Is Central Kent, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Kent has remained a Seller's Market.
Housing Prices in Central Kent, DE
How much do homes in Central Kent, DE cost?
Median Sold Price
$396,745
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Kent was $396,745 in April 2024, up 3.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310K | $269.9K | -12.9% |
3 Bedrooms | $320K | $343.7K | +7.4% |
4 Bedrooms | $425K | $449.5K | +5.8% |
5+ Bedrooms | $450K | $507.5K | +12.8% |
Summary: Central Kent housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
Camden | $261.5K | $335K | +28.1% |
Camden Wyoming | $315K | $365K | +15.9% |
Central Kent | $385K | $396.7K | +3.1% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 105 | -3.7% |
Summary: The Central Kent real estate market had 105 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 9 | -25.0% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 49 | 42 | -14.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Central Kent housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Central Kent in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 55% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 37 Days | -16.8% |
Summary: Homes in Central Kent had an average of 37 days on market in Apr 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Central Kent; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.