$3,088 Closing Credit*
$260,000
1,776 SqFt
3 Beds
•2 Full Baths
Peggy Centrella, Listing Office: Patterson-Schwartz-Hockessin
Is 19720, 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, 19720 has remained a Seller's Market.
Key Takeaway
19720 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19720, DE
How much do homes in 19720, DE cost?
Median Sold Price
$295,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+11.3%)
Key Takeaway
Homes in 19720 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 19720 was $295,000 in October 2024, up 11.3% 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 | $75K | $177.5K | +136.7% |
| 2 Bedrooms | $190.3K | $222.5K | +16.9% |
| 3 Bedrooms | $255K | $287K | +12.5% |
| 4 Bedrooms | $331.5K | $355K | +7.1% |
| 5+ Bedrooms | $380K | $392.4K | +3.3% |
Summary: 19720 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.7%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in 19720, DE
How many homes are available in 19720, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 148 | +10.4% |
Summary: The 19720 real estate market had 148 homes for sale in October 2024, a 10.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 74 | 86 | +16.2% |
| 4 Bedrooms | 33 | 31 | -6.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 19720 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 increased by 27.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19720, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in 19720 in October 2024, up by 17.6% month-over-month. Of the 40 sold homes, 23% were sold under asking, 30% were sold at asking, and 48% were sold over asking.
Days on Market for 19720, DE
How long does it take to sell a home in 19720, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -2.0% |
Summary: Homes in 19720 had an average of 14 days on market in Oct 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19720 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 40 homes were sold in 19720; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
