$4,453 Closing Credit*
$375,000
1,940 SqFt
3 Beds
•2 Full Baths, 1 Partial
Adam Joseph D'Alessandro, Listing Office: Myers Realty
Is Frederica, 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, 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
$385,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,000(+14.2%)
Key Takeaway
Homes in Frederica have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Frederica was $385,000 in November 2024, up 14.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $289K | N/A |
| 2 Bedrooms | $200K | $291.4K | +45.7% |
| 3 Bedrooms | $329.5K | $330K | 0.2% |
| 4 Bedrooms | $462.5K | $409.9K | -11.4% |
| 5+ Bedrooms | $470K | $495K | +5.3% |
Summary: Frederica 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 increased by 45.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Frederica | $337K | $385K | +14.2% |
| Milford | $317.4K | $354.5K | +11.7% |
| Milford North | $345K | $368K | +6.7% |
| Central Kent | $390K | $404.7K | +3.8% |
Housing Supply in Frederica, DE
How many homes are available in Frederica, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 26 | -18.8% |
Summary: The Frederica real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Frederica 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frederica, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Frederica in November 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 55% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 39 Days | -16.1% |
Summary: Homes in Frederica had an average of 39 days on market in Nov 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 11 homes were sold in Frederica; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
