$4,691 Closing Credit*
$395,000
1,475 SqFt
3 Beds
•1 Full Bath, 1 Partial
Herbert A Cunningham, Listing Office: EXP Realty, LLC
Is New Castle, 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, 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
$295,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,683(+7.5%)
Key Takeaway
Homes in New Castle have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in New Castle was $295,000 in November 2024, up 7.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $177.5K | +136.7% |
| 2 Bedrooms | $195K | $231.3K | +18.6% |
| 3 Bedrooms | $260K | $285K | +9.6% |
| 4 Bedrooms | $338.2K | $359.9K | +6.4% |
| 5+ Bedrooms | $385K | $386.5K | 0.4% |
Summary: New Castle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.7%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in New Castle, DE
How many homes are available in New Castle, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 150 | +2.7% |
Summary: The New Castle real estate market had 150 homes for sale in November 2024, a 2.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 82 | 90 | +9.8% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The New Castle housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 27 | -37.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in New Castle in November 2024, down by 37.2% month-over-month. Of the 27 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 22 Days | +40.1% |
Summary: Homes in New Castle had an average of 22 days on market in Nov 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 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 November 2024, 27 homes were sold in New Castle; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
