Is Glasgow, 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, Glasgow has remained a Seller's Market.
Key Takeaway
Glasgow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glasgow, DE
How much do homes in Glasgow, DE cost?
Median Sold Price
$402,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glasgow have sold for 4% more than they did a year ago.
Summary: The median home sold price in Glasgow was $402,500 in May 2024, up 4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.5K | $150K | +10.7% |
| 2 Bedrooms | $257K | $305K | +18.7% |
| 3 Bedrooms | $330K | $365K | +10.6% |
| 4 Bedrooms | $500K | $505K | +1.0% |
| 5+ Bedrooms | $557.5K | $535K | -4.0% |
Summary: Glasgow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Bear | $395K | $414.6K | +5.0% |
| Glasgow | $387K | $402.5K | +4.0% |
| Newark | $340K | $349.9K | +2.9% |
| Upper Christiana | $314K | $322.5K | +2.7% |
| Red Lion | $500K | $450K | -10.0% |
Housing Supply in Glasgow, DE
How many homes are available in Glasgow, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 109 | +14.7% |
Summary: The Glasgow real estate market had 109 homes for sale in May 2024, a 14.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 40 | 49 | +22.5% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Glasgow housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glasgow, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Glasgow in May 2024, down by 20.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 20% were sold at asking, and 55% were sold over asking.
Days on Market for Glasgow, DE
How long does it take to sell a home in Glasgow, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 14 Days | +46.2% |
Summary: Homes in Glasgow had an average of 14 days on market in May 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glasgow are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Glasgow; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
