$3,266 Closing Credit*
$275,000
1,725 SqFt
3 Beds
•1 Full Bath
Dennis P Snavely, Listing Office: RE/MAX Elite
Is 19703, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$330,145
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$145(0.0%)
Key Takeaway
The sold price of homes in 19703 has remained the same since last year.
Summary: The median home sold price in 19703 was $330,145 in November 2024, the same as last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216K | $280K | +29.6% |
| 3 Bedrooms | $329K | $329K | 0.0% |
| 4 Bedrooms | $360K | $375K | +4.2% |
| 5+ Bedrooms | $350K | $414.2K | +18.4% |
Summary: 19703 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in 19703, DE
How many homes are available in 19703, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The 19703 real estate market had 38 homes for sale in November 2024, a 11.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 19703 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19703, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 19703 in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 15 Days | +30.5% |
Summary: Homes in 19703 had an average of 15 days on market in Nov 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 9 homes were sold in 19703; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
