$1,900 Closing Credit*
$160,000
2,000 SqFt
Alec Tran, Listing Office: Premier Realty Inc
Is 19973, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19973 has remained a Seller's Market.
Key Takeaway
19973 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19973, DE
How much do homes in 19973, DE cost?
Median Sold Price
$307,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+11.8%)
Key Takeaway
Homes in 19973 have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in 19973 was $307,500 in October 2024, up 11.8% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $195K | $216.4K | +11.0% |
| 3 Bedrooms | $280K | $299K | +6.8% |
| 4 Bedrooms | $349K | $375K | +7.4% |
| 5+ Bedrooms | $310.8K | $702K | +125.8% |
Summary: 19973 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 11%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 125.8%.
Housing Supply in 19973, DE
How many homes are available in 19973, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 115 | +5.5% |
Summary: The 19973 real estate market had 115 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 65 | 67 | +3.1% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 19973 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 50%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19973, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 19973 in October 2024, up by 28.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for 19973, DE
How long does it take to sell a home in 19973, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 35 Days | -38.4% |
Summary: Homes in 19973 had an average of 35 days on market in Oct 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19973 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 19973; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
