$5,343 Closing Credit*
$449,900
1,975 SqFt
3 Beds
•1 Full Bath, 1 Partial
Lorraine Lancina, Listing Office: BHHS Fox & Roach-Christiana
Is Hockessin, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$600,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$75,000(+14.3%)
Key Takeaway
Homes in Hockessin have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Hockessin was $600,000 in December 2024, up 14.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $337.5K | +3.8% |
| 3 Bedrooms | $453K | $410K | -9.5% |
| 4 Bedrooms | $620K | $640K | +3.2% |
| 5+ Bedrooms | $748.7K | $750K | 0.2% |
Summary: Hockessin housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $567.5K | $654.5K | +15.3% |
| Hockessin | $525K | $600K | +14.3% |
| Piedmont | $618.1K | $672K | +8.7% |
| Pike Creek-Central Kirkwood | $350.4K | $360K | +2.7% |
Housing Supply in Hockessin, DE
How many homes are available in Hockessin, DE?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Summary: The Hockessin real estate market had 23 homes for sale in December 2024, a 37.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 19 | 10 | -47.4% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Hockessin housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 47.4%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hockessin, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hockessin in December 2024, down by 61.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | 0.2% |
Summary: Homes in Hockessin had an average of 11 days on market in Dec 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
5 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 Hockessin are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Hockessin; 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.
