$10,000 Closing Credit*
$1,099,000
3,250 SqFt
4 Beds
•2 Full Baths, 1 Partial
Stephen J Mottola, Listing Office: Compass
Is 19803, 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, 19803 has remained a Seller's Market.
Key Takeaway
19803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19803, DE
How much do homes in 19803, DE cost?
Median Sold Price
$510,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+4.7%)
Key Takeaway
Homes in 19803 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 19803 was $510,500 in October 2024, up 4.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340K | $445K | +30.9% |
| 3 Bedrooms | $425K | $435K | +2.4% |
| 4 Bedrooms | $551.7K | $575K | +4.2% |
| 5+ Bedrooms | $600K | $712.5K | +18.8% |
Summary: 19803 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 19803, DE
How many homes are available in 19803, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 64 | +3.2% |
Summary: The 19803 real estate market had 64 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 19803 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 decreased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19803, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 19803 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for 19803, DE
How long does it take to sell a home in 19803, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 18 Days | -44.5% |
Summary: Homes in 19803 had an average of 18 days on market in Oct 2024, down by 44.5% compared to last year.
Breakdown of Home Sale Times
14 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 19803 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 19803; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
