$10,000 Closing Credit*
$874,900
5,175 SqFt
5 Beds
•4 Full Baths, 1 Partial
Benjamin Gordon White, Listing Office: Compass
Is 19807, 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, 19807 has remained a Buyer's Market.
Key Takeaway
19807 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 19807, DE
How much do homes in 19807, DE cost?
Median Sold Price
$925,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+3.9%)
Key Takeaway
Homes in 19807 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 19807 was $925,000 in October 2024, up 3.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $806K | N/A |
| 3 Bedrooms | $641K | $782.5K | +22.1% |
| 4 Bedrooms | $890K | $895K | +0.6% |
| 5+ Bedrooms | $1.4M | $1.4M | +3.5% |
Summary: 19807 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 did not change, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Zip Codes
| 19805 | $215.9K | $228.7K | +5.9% |
| 19807 | $890K | $925K | +3.9% |
Housing Supply in 19807, DE
How many homes are available in 19807, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The 19807 real estate market had 29 homes for sale in October 2024, a 17.1% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 19807 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 19807, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 19807 in October 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 19807, DE
How long does it take to sell a home in 19807, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +26.5% |
Summary: Homes in 19807 had an average of 10 days on market in Oct 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19807 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 19807; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
