Is 19958, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19958 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19958 was a Seller's Market.

Key Takeaway

19958 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 19958, DE

How much do homes in 19958, DE cost?

Median Sold Price

$600,029

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$220(0.0%)

Key Takeaway

The sold price of homes in 19958 has remained the same since last year.

Summary: The median home sold price in 19958 was $600,029 in November 2024, the same as last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $550K-
N/A
2 $355K$370K
+4.2%
3 $545.6K$555K
+1.7%
4 $777K$717.4K
-7.7%
5+ $1.0M$1.0M
+2.9%

Summary: 19958 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

19966
+3.6%
19968
+3.1%
19958
0.0%
19971
-0.9%
19951
-12.0%

Housing Supply in 19958, DE

How many homes are available in 19958, DE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
408352-13.7%

Summary: The 19958 real estate market had 352 homes for sale in November 2024, a 13.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 5145
-11.8%
3 196171
-12.8%
4 11494
-17.5%
5+ 4742
-10.6%

Summary: The 19958 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 decreased by 11.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 10.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9858-40.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19958, you may be able to get a good deal. 69% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in 19958 in November 2024, down by 40.8% month-over-month. Of the 58 sold homes, 69% were sold under asking, 12% were sold at asking, and 19% were sold over asking.

Days on Market for 19958, DE

How long does it take to sell a home in 19958, DE?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days40 Days-37.6%

Summary: Homes in 19958 had an average of 40 days on market in Nov 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19958 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 58 homes were sold in 19958; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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 21 Days Ago

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