$4,513 Closing Credit*
$380,000
1,725 SqFt
3 Beds
•1 Full Bath, 1 Partial
Angela Allen, Listing Office: Patterson-Schwartz-Hockessin
Is 19802, 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, 19802 has remained a Seller's Market.
Key Takeaway
19802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19802, DE
How much do homes in 19802, DE cost?
Median Sold Price
$220,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+14.6%)
Key Takeaway
Homes in 19802 have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in 19802 was $220,000 in October 2024, up 14.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $140K | +14.3% |
| 2 Bedrooms | $165K | $190K | +15.2% |
| 3 Bedrooms | $192K | $220K | +14.6% |
| 4 Bedrooms | $265K | $255K | -3.8% |
| 5+ Bedrooms | $465.7K | $455K | -2.3% |
Summary: 19802 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 19802, DE
How many homes are available in 19802, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 94 | +4.4% |
Summary: The 19802 real estate market had 94 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 52 | 53 | +1.9% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 19802 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19802, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in 19802 in October 2024, up by 20.0% month-over-month. Of the 24 sold homes, 25% were sold under asking, 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 31 Days | +58.0% |
Summary: Homes in 19802 had an average of 31 days on market in Oct 2024, up by 58% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 19802 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 19802; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
