$6,650 Closing Credit*
$560,000
2,525 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kara Chapman, Listing Office: Remax Vision
Is 19711, 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, 19711 has remained a Seller's Market.
Key Takeaway
19711 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19711, DE
How much do homes in 19711, DE cost?
Median Sold Price
$410,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.5%)
Key Takeaway
Homes in 19711 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 19711 was $410,000 in October 2024, up 6.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $421K | $173.7K | -58.7% |
| 2 Bedrooms | $225K | $274.5K | +22.0% |
| 3 Bedrooms | $347.5K | $360K | +3.6% |
| 4 Bedrooms | $450K | $500K | +11.1% |
| 5+ Bedrooms | $519.9K | $580K | +11.6% |
Summary: 19711 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.7%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11.6%.
Housing Supply in 19711, DE
How many homes are available in 19711, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 106 | 0.0% |
Summary: The 19711 real estate market had 106 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 45 | 54 | +20.0% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The 19711 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 9.1%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 31 | -20.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19711, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in 19711 in October 2024, down by 20.5% month-over-month. Of the 31 sold homes, 19% were sold under asking, 29% were sold at asking, and 52% were sold over asking.
Days on Market for 19711, DE
How long does it take to sell a home in 19711, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 12 Days | +40.3% |
Summary: Homes in 19711 had an average of 12 days on market in Oct 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19711 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in 19711; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
