Is 19808, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19808 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 19808 has remained a Seller's Market.

Key Takeaway

19808 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19808, DE

How much do homes in 19808, DE cost?

Median Sold Price

$375,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.1%)

Key Takeaway

Homes in 19808 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 19808 was $375,000 in November 2024, up 7.1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197.5K$213.7K
+8.2%
2 $250K$250K
0.0%
3 $350K$357K
+2.0%
4 $410K$461.5K
+12.6%
5+ $480K$560K
+16.7%

Summary: 19808 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Zip Codes

19707
+14.8%
19808
+7.1%
19711
+7.1%
19804
+6.9%
19805
+5.2%

Housing Supply in 19808, DE

How many homes are available in 19808, DE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9596+1.1%

Summary: The 19808 real estate market had 96 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 1515
0.0%
3 4439
-11.4%
4 2832
+14.3%
5+ 35
+66.7%

Summary: The 19808 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 remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2930+3.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19808, you could pay more than the asking price. 43.3% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 19808 in November 2024, up by 3.4% month-over-month. Of the 30 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% were sold over asking.

Days on Market for 19808, DE

How long does it take to sell a home in 19808, DE?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days24 Days+182.8%

Summary: Homes in 19808 had an average of 24 days on market in Nov 2024, up by 182.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19808 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in 19808; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 19808, DE

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