$5,224 Closing Credit*
$439,900
2,225 SqFt
5 Beds
•2 Full Baths, 1 Partial
Laurie N. Ferris, Listing Office: Iron Valley Real Estate at The Beach
Is Townsend, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Townsend was a Seller's Market.
Key Takeaway
Townsend is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Townsend, DE
How much do homes in Townsend, DE cost?
Median Sold Price
$446,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,233(+1.4%)
Key Takeaway
Homes in Townsend have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Townsend was $446,000 in December 2024, up 1.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $481.2K | $270K | -43.9% |
| 3 Bedrooms | $396K | $382.2K | -3.5% |
| 4 Bedrooms | $535K | $538K | +0.6% |
| 5+ Bedrooms | $544.7K | $576K | +5.7% |
Summary: Townsend housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $475K | $494.9K | +4.2% |
| Townsend | $439.7K | $446K | +1.4% |
Housing Supply in Townsend, DE
How many homes are available in Townsend, DE?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 60 | 50 | -16.7% |
Summary: The Townsend real estate market had 50 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 27 | 18 | -33.3% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Townsend housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Townsend in December 2024, down by 55.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 53 Days | +8.0% |
Summary: Homes in Townsend had an average of 53 days on market in Dec 2024, up by 8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Townsend are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 8 homes were sold in Townsend; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
