$5,106 Closing Credit*
$430,000
1,400 SqFt
3 Beds
•2 Full Baths
Andrew White, Listing Office: Compass
Is Townsend, 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, Townsend has remained a Seller's Market.
Key Takeaway
Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Townsend, DE
How much do homes in Townsend, DE cost?
Median Sold Price
$442,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,384(+0.8%)
Key Takeaway
Homes in Townsend have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Townsend was $442,000 in November 2024, up 0.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $448.1K | $350K | -21.9% |
| 3 Bedrooms | $395K | $380K | -3.8% |
| 4 Bedrooms | $535K | $535K | 0.0% |
| 5+ Bedrooms | $544.7K | $575K | +5.6% |
Summary: Townsend housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $460.6K | $494.9K | +7.4% |
| Townsend | $438.6K | $442K | +0.8% |
Housing Supply in Townsend, DE
How many homes are available in Townsend, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 63 | +6.8% |
Summary: The Townsend real estate market had 63 homes for sale in November 2024, a 6.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Townsend housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, expect to pay close to the asking price. 56.3% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Townsend in November 2024, up by 60.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 56% were sold at asking, and 19% were sold over asking.
Days on Market for Townsend, DE
How long does it take to sell a home in Townsend, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 60 Days | +57.5% |
Summary: Homes in Townsend had an average of 60 days on market in Nov 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Townsend are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Townsend; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
