$6,828 Closing Credit*
$575,000
2,400 SqFt
4 Beds
•2 Full Baths, 1 Partial
Barbara Carty, Listing Office: RE/MAX Excellence - Kennett Square
Is Brandywine, 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, 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
$419,497
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,822(+6.0%)
Key Takeaway
Homes in Brandywine have sold for 6% more than they did a year ago.
Summary: The median home sold price in Brandywine was $419,497 in October 2024, up 6% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $130.2K | +24.0% |
| 2 Bedrooms | $197.5K | $227.4K | +15.2% |
| 3 Bedrooms | $373.7K | $393.3K | +5.2% |
| 4 Bedrooms | $471.9K | $482.6K | +2.3% |
| 5+ Bedrooms | $490K | $595K | +21.4% |
Summary: Brandywine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 21.4%.
Median Sold Price Compared To Nearby Cities
| Bethel Township | $525K | $580K | +10.5% |
| Brandywine | $395.6K | $419.4K | +6.0% |
Housing Supply in Brandywine, DE
How many homes are available in Brandywine, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 193 | 217 | +12.4% |
Summary: The Brandywine real estate market had 217 homes for sale in October 2024, a 12.4% 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 | 25 | 29 | +16.0% |
| 3 Bedrooms | 85 | 105 | +23.5% |
| 4 Bedrooms | 69 | 69 | 0.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Brandywine 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 16%, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in Brandywine in October 2024, up by 5.6% month-over-month. Of the 57 sold homes, 35% were sold under asking, 23% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -10.7% |
Summary: Homes in Brandywine had an average of 15 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brandywine are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 57 homes were sold in Brandywine; 82% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
