Is 19943, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19943 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 19943 was a Seller's Market.

Key Takeaway

19943 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 19943, DE

How much do homes in 19943, DE cost?

Median Sold Price

$385,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+5.5%)

Key Takeaway

Homes in 19943 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 19943 was $385,000 in October 2024, up 5.5% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$40K
N/A
2 $225K$259.9K
+15.5%
3 $347.5K$354.2K
+1.9%
4 $410K$421.4K
+2.8%
5+ $590K$587.3K
-0.5%

Summary: 19943 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 15.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Zip Codes

19934
+11.4%
19962
+5.6%
19943
+5.5%

Housing Supply in 19943, DE

How many homes are available in 19943, DE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6768+1.5%

Summary: The 19943 real estate market had 68 homes for sale in October 2024, a 1.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3938
-2.6%
4 2323
0.0%
5+ 23
+50.0%

Summary: The 19943 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 increased by 33.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19943, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 19943 in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.

Days on Market for 19943, DE

How long does it take to sell a home in 19943, DE?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days30 Days+9.2%

Summary: Homes in 19943 had an average of 30 days on market in Oct 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19943 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 19943; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 15 Days Ago

Newest Listings in 19943, DE

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