N
ewly released data from Realtor.com shows that home sale prices in two out of three Delaware counties increased in August compared to July. In New Castle County, the median home sold for $350,000, a 5.9% increase from July. Kent County saw an even larger jump, with a median home price of $429,000, up 32% from July.
In contrast, Sussex County's median home price dropped by 2.7% to $455,000 in August compared to the previous month. Realtor.com sources its data from real estate deeds, which can result in a delay of a few months and doesn't include homes currently listed for sale.
Statewide, the median home price rose 11.1% to $400,000 in August, with 1,185 recorded sales across Delaware. However, this is down 21.7% from August 2023. The total value of residential home sales increased by 2.8% to $570.3 million.
In New Castle County, the number of recorded sales dropped by 15.9% since August 2023, with all residential home sales totaling $215.3 million. Sussex County saw an 8.5% increase in recorded sales, while Kent County experienced a 46.5% decline.
The median sales price of single-family homes across Delaware increased by 9.5% to $426,900 in August, while the median sales price of condominiums and townhomes rose 14.1% to $332,500.
realestate
Delaware County Home Sales Show Recent Price Increases
Delaware Home Prices: A Look at Sold Homes in August 2024.
Read More - realestate
realestate
Rockford Housing Market Gains Momentum with New Hispanic Real Estate Partnership
City leaders expect NAHREP to boost Hispanic homeownership rates.
Read More - realestate
realestate
Commercial Real Estate Forum Held by Southeastern Association
Sandoval Economic Alliance holds partner luncheon at Quezada's Comedy Club, focusing on commercial real estate.
Read More
realestate
Developer Fisch Unveils Ambitious 12-Story Project in Beverly Hills
Fisch Properties Unveils Design for 12-Story Beverly Hills Apartment Building.