Recent data from Realtor.com reveals that the median home prices in New Castle and Kent counties saw a decrease in December compared to the previous month, with homes selling for $290,000. This represented a 3.3% decline from November.
In contrast, Sussex County experienced a slight increase in median home prices, with homes selling for $451,195 in December, marking a 0.5% rise from November.
Insights on Sussex County Home Sales
Specifically focusing on single-family homes, the median selling price in Sussex County was $446,000 in December, a 4.9% increase from the previous month and a significant 21.5% rise from December 2022.
It’s important to note that Realtor.com compiles data from real estate deeds, causing a delay in the availability of up-to-date information. These statistics do not encompass currently listed homes and are not directly comparable to listing data.
For additional insights into your local housing market and community data, visit data.delawareonline.com.
Overview of Delaware Housing Statistics
In December, homes in Delaware sold at a median price of $329,990, indicating a 2.8% decrease from November. The state recorded 959 sales in December, a 7.3% drop from December 2022.
The total value of residential home sales in Delaware saw a 7.5% increase, rising from $394.6 million in November to $424.3 million in December.
Of all residential home sales in Delaware, 6.36% were homes sold for a minimum of $1 million in December, up from 4.06% in December 2022.
Sales prices of single-family homes in Delaware decreased by 1.5% in December, dropping from a median of $345,000 in November to $339,950. However, compared to December 2022, the sale price of single-family homes increased by 1.5%.
Condominiums and townhomes in Delaware saw a 3.3% decline in sale prices from a median of $300,000 in November to $290,000 in December. This represented a 3.7% decrease from December 2022.
The median home sale price serves as the midpoint of all listed houses or units during a certain period, offering a more accurate representation of the market compared to the average sale price.
