$6,828 Closing Credit*
$575,000
2,400 SqFt
4 Beds
•2 Full Baths, 1 Partial
Barbara Carty, Listing Office: RE/MAX Excellence - Kennett Square
Is New Castle County, 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 County has remained a Seller's Market.
Key Takeaway
New Castle County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Castle County, DE
How much do homes in New Castle County, DE cost?
Median Sold Price
$357,642
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,279(+6.6%)
Key Takeaway
Homes in New Castle County have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in New Castle County was $357,642 in October 2024, up 6.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $165.5K | +14.1% |
| 2 Bedrooms | $225K | $253.8K | +12.8% |
| 3 Bedrooms | $305.6K | $327.6K | +7.2% |
| 4 Bedrooms | $454K | $489K | +7.7% |
| 5+ Bedrooms | $550K | $589.8K | +7.2% |
Summary: New Castle County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Counties
| Cecil County | $335K | $359.9K | +7.5% |
| Delaware County | $327.5K | $349.9K | +6.9% |
| New Castle County | $335.3K | $357.6K | +6.6% |
| Salem County | $243K | $258.1K | +6.2% |
| Chester County | $492.2K | $516.1K | +4.8% |
Housing Supply in New Castle County, DE
How many homes are available in New Castle County, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,589 | 1,636 | +3.0% |
Summary: The New Castle County real estate market had 1,636 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 26 | +13.0% |
| 2 Bedrooms | 241 | 259 | +7.5% |
| 3 Bedrooms | 737 | 757 | +2.7% |
| 4 Bedrooms | 453 | 463 | +2.2% |
| 5+ Bedrooms | 135 | 131 | -3.0% |
Summary: The New Castle County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 457 | 435 | -4.8% |
Asking Price vs. Sold Price
137 Homes Were Sold
Under Asking
126 Homes Were Sold
At Asking
172 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Castle County, you could pay more than the asking price. 39.5% of homes here sold above asking price last month.
Summary: A total of 435 homes were sold or pending in New Castle County in October 2024, down by 4.8% month-over-month. Of the 435 sold homes, 31% were sold under asking, 29% were sold at asking, and 40% were sold over asking.
Days on Market for New Castle County, DE
How long does it take to sell a home in New Castle County, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +17.9% |
Summary: Homes in New Castle County had an average of 21 days on market in Oct 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
342 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Castle County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 435 homes were sold in New Castle County; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
