$4,269 Closing Credit*
$359,500
1,175 SqFt
3 Beds
•1 Full Bath
Donald Ash, Listing Office: Alliance Realty
Is 19703, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19703 has remained a Seller's Market.
Key Takeaway
19703 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19703, DE
How much do homes in 19703, DE cost?
Median Sold Price
$331,225
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,225(+1.9%)
Key Takeaway
Homes in 19703 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 19703 was $331,225 in October 2024, up 1.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $251.2K | $286K | +13.9% |
| 3 Bedrooms | $320K | $329.9K | +3.1% |
| 4 Bedrooms | $358K | $370K | +3.4% |
| 5+ Bedrooms | $350K | $406K | +16.0% |
Summary: 19703 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 16%.
Housing Supply in 19703, DE
How many homes are available in 19703, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The 19703 real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 19703 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19703, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 19703 in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 19703, DE
How long does it take to sell a home in 19703, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 14 Days | +61.7% |
Summary: Homes in 19703 had an average of 14 days on market in Oct 2024, up by 61.7% compared to last year.
Breakdown of Home Sale Times
7 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 19703 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 19703; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
