$10,000 Closing Credit*
$924,900
6,175 SqFt
6 Beds
•3 Full Baths
Anthony Sianni, Listing Office: BHHS Fox & Roach - Hockessin
Is Hockessin, 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, 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
$597,009
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$69,509(+13.2%)
Key Takeaway
Homes in Hockessin have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Hockessin was $597,009 in October 2024, up 13.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317.5K | $325K | +2.4% |
| 3 Bedrooms | $453K | $423.7K | -6.5% |
| 4 Bedrooms | $620K | $645K | +4.0% |
| 5+ Bedrooms | $780K | $760K | -2.6% |
Summary: Hockessin 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 2.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $567.5K | $652.2K | +14.9% |
| Hockessin | $527.5K | $597K | +13.2% |
| Piedmont | $616.6K | $653K | +5.9% |
| Pike Creek-Central Kirkwood | $350K | $355.3K | +1.5% |
Housing Supply in Hockessin, DE
How many homes are available in Hockessin, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Hockessin real estate market had 44 homes for sale in October 2024, a 10.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hockessin 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 100%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hockessin, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Hockessin in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 21 Days | +257.1% |
Summary: Homes in Hockessin had an average of 21 days on market in Oct 2024, up by 257.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 17 homes were sold in Hockessin; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
