Is New Castle, 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, New Castle has remained a Seller's Market.
Housing Prices in New Castle, DE
How much do homes in New Castle, DE cost?
Median Sold Price
$279,920
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Castle was $279,920 in April 2024, up 3.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $153.4K | $210K | +36.9% |
3 Bedrooms | $260K | $265.6K | +2.2% |
4 Bedrooms | $305.9K | $350K | +14.4% |
5+ Bedrooms | $416.2K | $394.9K | -5.1% |
Summary: New Castle 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 36.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in New Castle, DE
How many homes are available in New Castle, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 121 | -5.5% |
Summary: The New Castle real estate market had 121 homes for sale in April 2024, a 5.5% decrease 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 | 17 | 15 | -11.8% |
3 Bedrooms | 82 | 75 | -8.5% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The New Castle 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 11.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 35 | -18.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in New Castle in April 2024, down by 18.6% month-over-month. Of the 35 sold homes, 23% were sold under asking, 37% were sold at asking, and 40% were sold over asking.
Days on Market for New Castle, DE
How long does it take to sell a home in New Castle, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 22 Days | +62.4% |
Summary: Homes in New Castle had an average of 22 days on market in Apr 2024, up by 62.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in New Castle; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.