Decrease in Housing Prices in Dover and Kent County in the Last Month

In Delaware, average home listings are increasing in New Castle and Sussex counties, while they are falling in Kent County and in Dover, its main city. According to data from Realtor.com, in the last month, the median home price in New Castle County was $452,068, an increase of 0.6%. In Sussex County, the median home price was $572,450 last month, an increase of 1.5%. Meanwhile, in Kent County, the median home price was $425,000 last month, a decrease of 0.3%.

Compared to the same month in 2023, the median home price in New Castle County increased by 1.9% from $417,225; the median listing price of homes in Sussex County fell by 1.4% from $580,748. Finally, the median listing price of homes in Kent County rose by 0.8% from $448,462.

It should be noted that the figures given in this report correspond to homes currently for sale in Delaware, not those that have already been sold. Additionally, the median home prices provided by the same report may not include many of the homes on the market, as these prices and volumes only take into account single-family homes, condominiums, or townhouses. They cover existing homes but exclude most new constructions and pending sales.

Specifically speaking about the city of Dover and Kent County, properties for sale were on the market for an average of 41 days, compared to the national average of 44 days this past month. The previous month, homes were on the market for an average of 44 days.

Regarding sales, 224 new homes were listed for sale, a decrease of 15.8% compared to the 266 new homes listed in the same month of 2023. Additionally, the price per square foot of homes for sale increased by 5.4% compared to 2023.

Available Foreclosures: 

New Castle County: 15 homes available 

Kent County: 8 homes available 

Sussex County: 12 homes available

By Elías DaSilva | 04 de Noviembre de 2024.