Is Piedmont, 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, Piedmont has remained a Seller's Market.
Housing Prices in Piedmont, DE
How much do homes in Piedmont, DE cost?
Median Sold Price
$626,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Piedmont was $626,000 in April 2024, up 7.7% from last year, and the median price per square foot was $213.
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 | $487.5K | $523.5K | +7.4% |
4 Bedrooms | $586.2K | $640.5K | +9.3% |
5+ Bedrooms | $985K | $832.5K | -15.5% |
Summary: Piedmont 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 increased by 7.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
Piedmont | $581.1K | $626K | +7.7% |
Kennett Township | $555K | $580K | +4.5% |
Hockessin | $522.5K | $531K | +1.6% |
Housing Supply in Piedmont, DE
How many homes are available in Piedmont, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 94 | +38.2% |
Summary: The Piedmont real estate market had 94 homes for sale in April 2024, a 38.2% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 13 | 23 | +76.9% |
4 Bedrooms | 31 | 44 | +41.9% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Piedmont 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 16.7%, 3 bedroom homes increased by 76.9%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Piedmont in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Piedmont, DE
How long does it take to sell a home in Piedmont, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 26 Days | -12.1% |
Summary: Homes in Piedmont had an average of 26 days on market in Apr 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Piedmont; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.