Is Brandywine, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brandywine has remained a Seller's Market.
Key Takeaway
Brandywine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandywine, DE
How much do homes in Brandywine, DE cost?
Median Sold Price
$411,050
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brandywine have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Brandywine was $411,050 in April 2024, up 6.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $130.2K | +30.3% |
| 2 Bedrooms | $203.9K | $200K | -1.9% |
| 3 Bedrooms | $360K | $387.9K | +7.8% |
| 4 Bedrooms | $445K | $490K | +10.1% |
| 5+ Bedrooms | $466K | $570K | +22.3% |
Summary: Brandywine housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Brandywine | $386K | $411K | +6.5% |
| Bethel Township | $552.5K | $529.5K | -4.2% |
Housing Supply in Brandywine, DE
How many homes are available in Brandywine, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 196 | 213 | +8.7% |
Summary: The Brandywine real estate market had 213 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 30 | 26 | -13.3% |
| 3 Bedrooms | 88 | 85 | -3.4% |
| 4 Bedrooms | 59 | 73 | +23.7% |
| 5+ Bedrooms | 12 | 22 | +83.3% |
Summary: The Brandywine housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 57 | -6.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandywine, you could pay more than the asking price. 38.6% of homes here sold above asking price last month.
Summary: A total of 57 homes were sold or pending in Brandywine in April 2024, down by 6.6% month-over-month. Of the 57 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Brandywine, DE
How long does it take to sell a home in Brandywine, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 23 Days | +68.8% |
Summary: Homes in Brandywine had an average of 23 days on market in Apr 2024, up by 68.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandywine are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in Brandywine; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
