$6,650 Closing Credit*
$560,000
1,500 SqFt
3 Beds
•2 Full Baths
Daniel Stein, Listing Office: Coldwell Banker Realty
Is Townsend, 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, Townsend has remained a Neutral 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
$439,766
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,534(+0.4%)
Key Takeaway
The sold price of homes in Townsend has remained the same since last year.
Summary: The median home sold price in Townsend was $439,766 in October 2024, up 0.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $415K | $430K | +3.6% |
| 3 Bedrooms | $375K | $372K | -0.8% |
| 4 Bedrooms | $526.3K | $535K | +1.6% |
| 5+ Bedrooms | $544.7K | $575.5K | +5.6% |
Summary: Townsend housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $467.6K | $494.9K | +5.8% |
| Townsend | $438.2K | $439.7K | 0.4% |
Housing Supply in Townsend, DE
How many homes are available in Townsend, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 57 | -8.1% |
Summary: The Townsend real estate market had 57 homes for sale in October 2024, a 8.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 30 | 28 | -6.7% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Townsend 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 decreased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Townsend in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 64 Days | +459.6% |
Summary: Homes in Townsend had an average of 64 days on market in Oct 2024, up by 459.6% compared to last year.
Breakdown of Home Sale Times
6 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 Townsend are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Townsend; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
