Is Kent County, 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, Kent County has remained a Seller's Market.
Housing Prices in Kent County, DE
How much do homes in Kent County, DE cost?
Median Sold Price
$334,417
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kent County was $334,417 in April 2024, up 7.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.8K | $100K | -35.4% |
2 Bedrooms | $215K | $215K | 0.0% |
3 Bedrooms | $286.6K | $314.4K | +9.7% |
4 Bedrooms | $390K | $415K | +6.4% |
5+ Bedrooms | $445K | $485K | +9.0% |
Summary: Kent County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Counties
Kent County | $310.2K | $334.4K | +7.8% |
Sussex County | $452.5K | $476.8K | +5.4% |
New Castle County | $329.8K | $345K | +4.6% |
Housing Supply in Kent County, DE
How many homes are available in Kent County, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
621 | 650 | +4.7% |
Summary: The Kent County real estate market had 650 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 62 | 62 | 0.0% |
3 Bedrooms | 301 | 320 | +6.3% |
4 Bedrooms | 233 | 241 | +3.4% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Kent County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 118 | -9.9% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Kent County in April 2024, down by 9.9% month-over-month. Of the 118 sold homes, 41% were sold under asking, 43% were sold at asking, and 16% were sold over asking.
Days on Market for Kent County, DE
How long does it take to sell a home in Kent County, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 42 Days | +39.3% |
Summary: Homes in Kent County had an average of 42 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 118 homes were sold in Kent County; 62% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.