$7,658 Closing Credit*
$644,900
2,800 SqFt
5 Beds
•2 Full Baths, 1 Partial
James W Venema, Listing Office: Patterson-Schwartz-Hockessin
Is Hockessin, 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, Hockessin has remained a Seller's Market.
Key Takeaway
Hockessin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hockessin, DE
How much do homes in Hockessin, DE cost?
Median Sold Price
$602,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$77,500(+14.8%)
Key Takeaway
Homes in Hockessin have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Hockessin was $602,500 in November 2024, up 14.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $325K | 0.0% |
| 3 Bedrooms | $451.2K | $415K | -8.0% |
| 4 Bedrooms | $618.7K | $645K | +4.2% |
| 5+ Bedrooms | $748.7K | $750K | 0.2% |
Summary: Hockessin 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 did not change, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Hockessin | $525K | $602.5K | +14.8% |
| Piedmont | $610K | $670K | +9.8% |
| Kennett Township | $580K | $635K | +9.5% |
| Pike Creek-Central Kirkwood | $350K | $358K | +2.3% |
Housing Supply in Hockessin, DE
How many homes are available in Hockessin, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 36 | -18.2% |
Summary: The Hockessin real estate market had 36 homes for sale in November 2024, a 18.2% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 29 | 18 | -37.9% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Hockessin 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 increased by 200%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 37.9%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hockessin, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Hockessin in November 2024, down by 23.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Hockessin, DE
How long does it take to sell a home in Hockessin, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 18 Days | +30.8% |
Summary: Homes in Hockessin had an average of 18 days on market in Nov 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hockessin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Hockessin; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
