$74,900
0.51 Acres
Land
Stephanie S Lehane, Listing Office: RE/MAX Eagle Realty
Is Central Kent, 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, Central Kent has remained a Seller's Market.
Key Takeaway
Central Kent is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Kent, DE
How much do homes in Central Kent, DE cost?
Median Sold Price
$404,745
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,745(+3.8%)
Key Takeaway
Homes in Central Kent have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Central Kent was $404,745 in November 2024, up 3.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $269.9K | -5.3% |
| 3 Bedrooms | $325K | $357K | +9.8% |
| 4 Bedrooms | $435K | $450K | +3.4% |
| 5+ Bedrooms | $472.5K | $515K | +9.0% |
Summary: Central Kent 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 decreased by 5.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Camden | $271K | $335K | +23.6% |
| Camden Wyoming | $356K | $375K | +5.3% |
| Central Kent | $390K | $404.7K | +3.8% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 114 | -14.9% |
Summary: The Central Kent real estate market had 114 homes for sale in November 2024, a 14.9% 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 67 | 57 | -14.9% |
| 4 Bedrooms | 49 | 38 | -22.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Central Kent 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 8.3%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 21 | -46.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Kent, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Central Kent in November 2024, down by 46.2% month-over-month. Of the 21 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Central Kent, DE
How long does it take to sell a home in Central Kent, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 44 Days | -6.7% |
Summary: Homes in Central Kent had an average of 44 days on market in Nov 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Kent are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in Central Kent; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
