Market Update - A Local Perspective

 

New Castle County, DE

New Castle County experienced a 11.4% decrease in the number of sold homes for the second month of 2024 compared to 2023 and a 6.6% increase in the median sales price from $305,000 to $325,000. The number of homes that went under contract in the 2nd month of 2024 decreased 20.3% from 2023.

 

Kent County, DE

For the 2nd month of 2024, Kent County experienced a 9.9% decrease in the number of sold homes compared to 2023 and an 11.5% increase in the median sales price from $300,000 to $334,500. The number of homes that went under contract in the second month of 2024 decreased 13.8% from 2022.

 

Sussex County, DE

For the second month of 2024, Sussex County experienced a 2.7% decrease in the number of sold homes compared to 2023 and a 5.9% decrease in the median sales price from $457,098 to $430,000. The number of homes that went under contract in the 2nd month of 2024 decreased 29.9% from 2023.

 

Southern Chester County, PA

Southern Chester County experienced an 11.0% decrease in the number of sold homes for the second month of 2024 compared to 2023 and a 13.1% increase in the median sales price from $497,500 to $562,760. The number of homes that went under contract in the 2nd month of 2024 decreased 20.5% from 2023.

 

Cecil County, MD

For the 2nd month of 2024, Cecil County experienced 7.1% increase in the number of sold homes compared to 2023 and a 4.3% increase in the median sales price from $326,000 to $340,000. The number of homes that went under contract in the second month of 2024 increased 4.1% 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 3/5/2024.

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