$3,978 Closing Credit*
$335,000
1,475 SqFt
4 Beds
•1 Full Bath
Megan Giordano Webber, Listing Office: Patterson-Schwartz-Hockessin
Is New Castle, 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, New Castle has remained a Seller's Market.
Key Takeaway
New Castle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Castle, DE
How much do homes in New Castle, DE cost?
Median Sold Price
$295,214
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,339(+10.2%)
Key Takeaway
Homes in New Castle have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in New Castle was $295,214 in October 2024, up 10.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $177.5K | +136.7% |
| 2 Bedrooms | $195K | $220K | +12.8% |
| 3 Bedrooms | $259K | $287.5K | +11.0% |
| 4 Bedrooms | $336.5K | $355K | +5.5% |
| 5+ Bedrooms | $385K | $392.4K | +1.9% |
Summary: New Castle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.7%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in New Castle, DE
How many homes are available in New Castle, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 143 | +10.9% |
Summary: The New Castle real estate market had 143 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 72 | 83 | +15.3% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The New Castle 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 35.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in New Castle in October 2024, up by 15.2% month-over-month. Of the 38 sold homes, 24% were sold under asking, 26% were sold at asking, and 50% were sold over asking.
Days on Market for New Castle, DE
How long does it take to sell a home in New Castle, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 15 Days | -1.1% |
Summary: Homes in New Castle had an average of 15 days on market in Oct 2024, down by 1.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Castle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in New Castle; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
