$1,532 Closing Credit*
$129,000
800 SqFt
2 Beds
•1 Full Bath
OLUFEMI ADEGBITE OSINUBI, Listing Office: ELM Properties
Is 19801, 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, 19801 has remained a Seller's Market.
Key Takeaway
19801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19801, DE
How much do homes in 19801, DE cost?
Median Sold Price
$210,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+20.0%)
Key Takeaway
Homes in 19801 have sold for 20% more than they did a year ago.
Summary: The median home sold price in 19801 was $210,000 in October 2024, up 20% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $245K | +11.4% |
| 2 Bedrooms | $139.5K | $165K | +18.3% |
| 3 Bedrooms | $170K | $180.5K | +6.2% |
| 4 Bedrooms | $184.9K | $222.4K | +20.3% |
| 5+ Bedrooms | $195K | $290K | +48.7% |
Summary: 19801 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 48.7%.
Housing Supply in 19801, DE
How many homes are available in 19801, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The 19801 real estate market had 62 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 16 | 24 | +50.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 19801 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 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19801, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 19801 in October 2024, up by 25.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for 19801, DE
How long does it take to sell a home in 19801, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -21.4% |
Summary: Homes in 19801 had an average of 24 days on market in Oct 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19801 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 19801; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
