Market Update - A Local Perspective

 

New Castle County, DE

New Castle County experienced a 21.7% decrease in the number of sold homes for the year 2023 compared to 2022, and a 4.7% increase in the median sales price from $320,000 to $335,000. The number of homes that went under contract in 2023 decreased 19.7% from 2022.

 

Kent County, DE

For the year 2023, Kent County experienced a 16.4% decrease in the number of sold homes compared to 2022, and a 3.3% increase in the median sales price from $305,000 to $315,000. The number of homes that went under contract in 2023 decreased 15.8% from 2022.

 

Sussex County, DE

For the year 2023, Sussex County experienced a 11.2% decrease in the number of sold homes compared to 2022, and a 4.7% increase in the median sales price from $429,707 to to $450,000. The number of homes that went under contract in 2023 decreased 2.0% from 2022.

 

Southern Chester County, PA

Southern Chester County experienced a 18.0% decrease in the number of sold homes for the year 2023 compared to 2022, and a 3.5% increase in the median sales price from $511,945 to $530,000. The number of homes that went under contract in 2023 decreased 12.8% from 2022.

 

Cecil County, MD

For the year 2023, Cecil County experienced a 27.3% decrease in the number of sold homes compared to 2022, and an 9.8% increase in the median sales price from $305,000 to $335,000. The number of homes that went under contract in 2023 decreased 21.1% from 2022.

 

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 1/8/2024.

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