$5,936 Closing Credit*
$499,900
2,250 SqFt
Jacob S Ryan, Listing Office: RE/MAX Point Realty
Is 19802, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 19802 was a Seller's Market.
Key Takeaway
19802 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 19802, DE
How much do homes in 19802, DE cost?
Median Sold Price
$222,800
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,800(+16.6%)
Key Takeaway
Homes in 19802 have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in 19802 was $222,800 in November 2024, up 16.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $145K | +16.0% |
| 2 Bedrooms | $169K | $190K | +12.4% |
| 3 Bedrooms | $194K | $222.9K | +14.9% |
| 4 Bedrooms | $262K | $256.5K | -2.1% |
| 5+ Bedrooms | $420K | $455K | +8.3% |
Summary: 19802 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 19802, DE
How many homes are available in 19802, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 97 | +2.1% |
Summary: The 19802 real estate market had 97 homes for sale in November 2024, a 2.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 55 | 58 | +5.5% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 19802 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 18.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 15 | -42.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19802, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 19802 in November 2024, down by 42.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.
Days on Market for 19802, DE
How long does it take to sell a home in 19802, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -15.9% |
Summary: Homes in 19802 had an average of 18 days on market in Nov 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
11 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 19802 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 19802; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
