Market Update - A Local Perspective

 

New Castle County, DE

New Castle County experienced a 14.7% decrease in the number of sold homes for the first month of 2024 compared to 2023 and a 2.5% increase in the median sales price from $307,450 to $315,000. The number of homes that went under contract in the 1st month of 2024 decreased 36.9% from 2023.

 

Kent County, DE

For the 1st month of 2024, Kent County experienced a 16.1% decrease in the number of sold homes compared to 2023 and an 5.3% increase in the median sales price from $300,000 to $315,990. The number of homes that went under contract in the first month of 2024 decreased 21.4% from 2022.

 

Sussex County, DE

For the first month of 2024, Sussex County experienced a 5.4% increase in the number of sold homes compared to 2023 and a 4.3% increase in the median sales price from $437,500 to $456,250. The number of homes that went under contract in the 1st month of 2024 decreased 43.4% from 2023.

 

Southern Chester County, PA

Southern Chester County experienced no change in the number of sold homes for the first month of 2024 compared to 2023 and a 1.7% increase in the median sales price from $535,000 to $543,880. The number of homes that went under contract in the 1st month of 2024 decreased 39.7% from 2023.

 

Cecil County, MD

For the 1st month of 2024, Cecil County experienced no change in the number of sold homes compared to 2023 and a 7.7% decrease in the median sales price from $352,000 to $325,000. The number of homes that went under contract in the first month of 2024 decreased 9.3% from 2023.

 

Reports are based on data supplied by Bright MLS. Bright MLS does not guarantee nor is responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed. Data is as of 2/7/2024.

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