Is 19960, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19960 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 19960 has remained a Seller's Market.

Key Takeaway

19960 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 19960, DE

How much do homes in 19960, DE cost?

Median Sold Price

$422,500

$249/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$52,600(+14.2%)

Key Takeaway

Homes in 19960 have sold for 14.2% more than they did a month ago.

Summary: The median home sold price in 19960 was $422,500 in October 2024, up 14.2% from last month, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $320K$400K
+25.0%
4 $369.9K$593.7K
+60.5%
5+ $663.8K-
N/A

Summary: 19960 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60.5%, and 5+ bedroom homes did not change.

Housing Supply in 19960, DE

How many homes are available in 19960, DE?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
31310.0%

Summary: The 19960 real estate market had 31 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2220
-9.1%
4 68
+33.3%
5+ 11
0.0%

Summary: The 19960 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19960, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 19960 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 19960, DE

How long does it take to sell a home in 19960, DE?

Average Sale Time

Sep 2024Oct 2024CHANGE
19 Days42 Days+117.3%

Summary: Homes in 19960 had an average of 42 days on market in Oct 2024, up by 117.3% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19960 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 19960; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 19960, DE

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