$10,000 Closing Credit*
$925,000
2,994 SqFt
5 Beds
•4 Full Baths, 1 Partial
April Love Raimond, Listing Office: Redfin Corporation
Is 19970, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 19970 has remained a Seller's Market.
Key Takeaway
19970 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19970, DE
How much do homes in 19970, DE cost?
Median Sold Price
$531,455
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,455(+5.2%)
Key Takeaway
Homes in 19970 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 19970 was $531,455 in November 2024, up 5.2% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | $385K | +6.9% |
| 3 Bedrooms | $437K | $475K | +8.7% |
| 4 Bedrooms | $615K | $630K | +2.4% |
| 5+ Bedrooms | $760K | $775K | +2.0% |
Summary: 19970 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 6.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2%.
Housing Supply in 19970, DE
How many homes are available in 19970, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 135 | -9.4% |
Summary: The 19970 real estate market had 135 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 68 | 55 | -19.1% |
| 4 Bedrooms | 50 | 56 | +12.0% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The 19970 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 15.4%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 25 | -34.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 19970, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 19970 in November 2024, down by 34.2% month-over-month. Of the 25 sold homes, 76% were sold under asking, 20% were sold at asking, and 4% were sold over asking.
Days on Market for 19970, DE
How long does it take to sell a home in 19970, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 51 Days | -17.8% |
Summary: Homes in 19970 had an average of 51 days on market in Nov 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19970 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in 19970; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
