$5,164 Closing Credit*
$434,900
2,511 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jeri Sheats, Listing Office: EXP Realty, LLC
Is Central Kent, 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, 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
$414,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+7.5%)
Key Takeaway
Homes in Central Kent have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Central Kent was $414,000 in October 2024, up 7.5% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $272.5K | $300K | +10.1% |
| 3 Bedrooms | $324.7K | $360K | +10.9% |
| 4 Bedrooms | $426.5K | $460K | +7.9% |
| 5+ Bedrooms | $471.2K | $520K | +10.3% |
Summary: Central Kent 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 10.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Camden | $273.5K | $340K | +24.3% |
| Camden Wyoming | $345.5K | $385K | +11.4% |
| Central Kent | $385K | $414K | +7.5% |
Housing Supply in Central Kent, DE
How many homes are available in Central Kent, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 132 | +8.2% |
Summary: The Central Kent real estate market had 132 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 56 | 63 | +12.5% |
| 4 Bedrooms | 51 | 48 | -5.9% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Central Kent 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 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
9 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. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Central Kent in October 2024, up by 45.8% month-over-month. Of the 35 sold homes, 54% were sold under asking, 26% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +20.5% |
Summary: Homes in Central Kent had an average of 30 days on market in Oct 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 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 October 2024, 35 homes were sold in Central Kent; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
