Is Glasgow, 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, Glasgow has remained a Seller's Market.
Key Takeaway
Glasgow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glasgow, DE
How much do homes in Glasgow, DE cost?
Median Sold Price
$395,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glasgow have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Glasgow was $395,000 in April 2024, up 1.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135.2K | $150K | +10.9% |
| 2 Bedrooms | $259.9K | $290K | +11.6% |
| 3 Bedrooms | $337.2K | $351K | +4.1% |
| 4 Bedrooms | $500K | $510K | +2.0% |
| 5+ Bedrooms | $560K | $520K | -7.1% |
Summary: Glasgow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Upper Christiana | $305K | $325K | +6.6% |
| Bear | $395.1K | $414.8K | +5.0% |
| Newark | $340K | $345K | +1.5% |
| Glasgow | $389.6K | $395K | +1.4% |
| Red Lion | $485K | $450K | -7.2% |
Housing Supply in Glasgow, DE
How many homes are available in Glasgow, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 91 | +26.4% |
Summary: The Glasgow real estate market had 91 homes for sale in April 2024, a 26.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 25 | 39 | +56.0% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Glasgow 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 increased by 25%, 3 bedroom homes increased by 56%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glasgow, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Glasgow in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 10% were sold under asking, 29% were sold at asking, and 62% were sold over asking.
Days on Market for Glasgow, DE
How long does it take to sell a home in Glasgow, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | +0.9% |
Summary: Homes in Glasgow had an average of 11 days on market in Apr 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glasgow are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Glasgow; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
