$1,306 Closing Credit*
$110,000
1,100 SqFt
2 Beds
•2 Full Baths
Shane M Pezick, Listing Office: RE/MAX Associates-Wilmington
Is Brandywine, 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, Brandywine has remained a Seller's Market.
Key Takeaway
Brandywine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandywine, DE
How much do homes in Brandywine, DE cost?
Median Sold Price
$420,300
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,300(+5.1%)
Key Takeaway
Homes in Brandywine have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Brandywine was $420,300 in November 2024, up 5.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $130K | +8.3% |
| 2 Bedrooms | $195K | $225K | +15.4% |
| 3 Bedrooms | $374.1K | $398K | +6.4% |
| 4 Bedrooms | $475.2K | $484.3K | +1.9% |
| 5+ Bedrooms | $492.5K | $585K | +18.8% |
Summary: Brandywine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Bethel Township | $526K | $580K | +10.3% |
| Brandywine | $400K | $420.3K | +5.1% |
Housing Supply in Brandywine, DE
How many homes are available in Brandywine, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 218 | 217 | -0.5% |
Summary: The Brandywine real estate market had 217 homes for sale in November 2024, a 0.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 104 | 109 | +4.8% |
| 4 Bedrooms | 69 | 63 | -8.7% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Brandywine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 69 | +11.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Brandywine in November 2024, up by 11.3% month-over-month. Of the 69 sold homes, 30% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Brandywine, DE
How long does it take to sell a home in Brandywine, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 51 Days | +231.9% |
Summary: Homes in Brandywine had an average of 51 days on market in Nov 2024, up by 231.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandywine are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 69 homes were sold in Brandywine; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
