Is New Castle 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, New Castle County has remained a Seller's Market.
Housing Prices in New Castle County, DE
How much do homes in New Castle County, DE cost?
Median Sold Price
$345,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Castle County was $345,000 in April 2024, up 4.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $156.1K | +17.9% |
2 Bedrooms | $213.2K | $243.8K | +14.4% |
3 Bedrooms | $295.8K | $319.7K | +8.1% |
4 Bedrooms | $438.6K | $467.7K | +6.6% |
5+ Bedrooms | $540.3K | $566.5K | +4.8% |
Summary: New Castle County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Counties
Salem County | $225K | $252K | +12.0% |
Chester County | $469.9K | $503K | +7.0% |
Cecil County | $320K | $342.2K | +6.9% |
Delaware County | $317.2K | $334.5K | +5.5% |
New Castle County | $329.8K | $345K | +4.6% |
Housing Supply in New Castle County, DE
How many homes are available in New Castle County, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,335 | 1,457 | +9.1% |
Summary: The New Castle County real estate market had 1,457 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 28 | +21.7% |
2 Bedrooms | 180 | 188 | +4.4% |
3 Bedrooms | 673 | 702 | +4.3% |
4 Bedrooms | 358 | 419 | +17.0% |
5+ Bedrooms | 101 | 120 | +18.8% |
Summary: The New Castle County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
379 | 360 | -5.0% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
96 Homes Were Sold
At Asking
153 Homes Were Sold
Over Asking
Summary: A total of 360 homes were sold or pending in New Castle County in April 2024, down by 5.0% month-over-month. Of the 360 sold homes, 31% were sold under asking, 27% were sold at asking, and 43% were sold over asking.
Days on Market for New Castle County, DE
How long does it take to sell a home in New Castle County, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 26 Days | +42.4% |
Summary: Homes in New Castle County had an average of 26 days on market in Apr 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
291 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During April 2024, 360 homes were sold in New Castle County; 81% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.