$8,313 Closing Credit*
$700,000
9,960 SqFt
Jeffrey L Olmstead, Listing Office: Patterson-Schwartz - Greenville
Is 19720, 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, 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 November 2023
+$25,333(+9.4%)
Key Takeaway
Homes in 19720 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 19720 was $295,000 in November 2024, up 9.4% from 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 | $75K | $177.5K | +136.7% |
| 2 Bedrooms | $192K | $230K | +19.8% |
| 3 Bedrooms | $260K | $285K | +9.6% |
| 4 Bedrooms | $334K | $359.9K | +7.8% |
| 5+ Bedrooms | $380K | $386.5K | +1.7% |
Summary: 19720 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.7%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 19720, DE
How many homes are available in 19720, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 150 | 153 | +2.0% |
Summary: The 19720 real estate market had 153 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 84 | 91 | +8.3% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 19720 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 27 | -40.0% |
Asking Price vs. Sold Price
12 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 19720, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 19720 in November 2024, down by 40.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +42.9% |
Summary: Homes in 19720 had an average of 22 days on market in Nov 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 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 November 2024, 27 homes were sold in 19720; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
