$135,000
0.11 Acres
Land
Terri J Seeley, Listing Office: Iron Valley Real Estate Premier
Is Frederica, 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, Frederica has remained a Seller's Market.
Key Takeaway
Frederica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frederica, DE
How much do homes in Frederica, DE cost?
Median Sold Price
$382,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,500(+12.8%)
Key Takeaway
Homes in Frederica have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Frederica was $382,500 in October 2024, up 12.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $291.4K | +45.7% |
| 3 Bedrooms | $329.5K | $330K | 0.2% |
| 4 Bedrooms | $415K | $422.9K | +1.9% |
| 5+ Bedrooms | $470K | $495K | +5.3% |
Summary: Frederica 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 45.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Frederica | $339K | $382.5K | +12.8% |
| Milford North | $335K | $368K | +9.9% |
| Milford | $319.9K | $350K | +9.4% |
| Central Kent | $385K | $414K | +7.5% |
Housing Supply in Frederica, DE
How many homes are available in Frederica, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Frederica real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederica housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frederica, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Frederica in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Frederica, DE
How long does it take to sell a home in Frederica, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +48.1% |
Summary: Homes in Frederica had an average of 24 days on market in Oct 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frederica are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Frederica; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
