Is Hockessin, 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, Hockessin has remained a Seller's Market.
Key Takeaway
Hockessin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hockessin, DE
How much do homes in Hockessin, DE cost?
Median Sold Price
$531,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hockessin have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Hockessin was $531,000 in April 2024, up 1.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $325K | +6.6% |
| 3 Bedrooms | $450K | $443.5K | -1.4% |
| 4 Bedrooms | $560K | $623K | +11.3% |
| 5+ Bedrooms | $685K | $773.7K | +13.0% |
Summary: Hockessin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Piedmont | $581.1K | $626K | +7.7% |
| Pike Creek-Central Kirkwood | $339.5K | $355K | +4.6% |
| Kennett Township | $555K | $580K | +4.5% |
| Hockessin | $522.5K | $531K | +1.6% |
Housing Supply in Hockessin, DE
How many homes are available in Hockessin, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 47 | +51.6% |
Summary: The Hockessin real estate market had 47 homes for sale in April 2024, a 51.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 13 | 22 | +69.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hockessin 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 remained the same, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 69.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hockessin, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Hockessin in April 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Hockessin, DE
How long does it take to sell a home in Hockessin, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 18 Days | +107.7% |
Summary: Homes in Hockessin had an average of 18 days on market in Apr 2024, up by 107.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hockessin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Hockessin; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
