Delaware’s counties each saw an increase in the median sales price for a single-family home in Novembas well as in the number of homes sold from a year earlier.
How hot is New Castle County’s real estate market in Delaware?
The median sales price for a single-family home in New Castle County during November was $355,000. That’s an increase of 16.8% compared with November 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
The number of houses sold rose by 5.1% from a year earlier. A total of 477 houses were sold countywide during November. During the same period a year earlier, 454 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This article uses the latest data made available through Realtor.com to the USA TODAY Network.
Condominiums and townhomes sold in November had a median sales price of $186,000. That figure represents a 4.6% decrease year over year. In New Castle County, 183 were sold, up 9.6% from a year earlier.
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The top 10% of the properties sold had prices of at least $565,000, up 14.1% from a year before.
In November, seven properties sold for $1 million or more: seven single-family homes.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
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How hot is Kent County’s real estate market in Delaware?
The median sales price for a single-family home in Kent County during November was $320,000. That’s an increase of 26.7% compared with November 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
The number of houses sold rose by 50.7% from a year earlier. A total of 300 houses were sold countywide during November. During the same period a year earlier, 199 single-family homes were sold.
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Condominiums and townhomes sold in November had a median sales price of $235,000. That figure represents a 12.4% increase year over year. In Kent County, 26 were sold, up 23.8% from a year earlier.
The top 10% of the properties sold had prices of at least $433,660, up 17.5% from a year before.
In November, no properties sold for $1 million or more.
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How hot is Sussex County’s real estate market in Delaware?
The median sales price for a single-family home in Sussex County during November was $385,000. That’s an increase of 13.3% compared with November 2020, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
The number of houses sold rose by 12.7% from a year earlier. A total of 257 houses were sold countywide during November. During the same period a year earlier, 228 single-family homes were sold.
Condominiums and townhomes sold in November had a median sales price of $360,000. That figure represents a 32.4% increase year over year. In Sussex County, 73 were sold, down 11% from a year earlier.
The top 10% of the properties sold had prices of at least $825,000, up 37.7% from a year before.
In November, 19 properties sold for $1 million or more: 13 single-family homes, four condominiums or townhomes and two other properties.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.
