New - 1 day on Rocket
$10,000 Closing Credit¹
SHAUN TULL, Listing Office: Jack Lingo - Rehoboth
19971 Housing Market Report December 2024•Sussex County, Delaware
Housing Prices in 19971, DE
How much do homes in 19971, DE cost?
Housing Market Conditions
Is 19971, DE a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
19971 is a Seller's Market
Difference Since December 2023
Since last year, 19971 has remained a Seller's Market.
Insight
19971 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$750,000$361/SqFt
-$37,740
-4.8%
Based on all homes sold in the last 12 months
Insight
Homes in 19971 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 19971 was $750,000 in December 2024, down 4.8% from last year, and the median price per square foot was $361.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $416K | $502.5K | +20.8% |
| 22 Bedrooms | $430K | $469K | +9.1% |
| 33 Bedrooms | $680K | $650K | -4.4% |
| 44 Bedrooms | $880K | $911.5K | +3.6% |
| 55+ Bedrooms | $1.0M | $1.6M | +53.9% |
Summary: 19971 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +20.8%. The home price for 2 bedroom homes increased by +9.1%. The home price for 3 bedroom homes decreased by -4.4%. The home price for 4 bedroom homes increased by +3.6%. The home price for 5 bedroom homes increased by +53.9%.
Housing supply in 19971, DE
How many homes are available in 19971, DE?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 188Last MonthDec 2024 | ||
| 1922 months agoNov 2024 | -2.1 % Change MoMNov – Dec |
Summary: The 19971 real estate market had 188 homes for sale in Dec 2024, a 2.1 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 32Last MonthDec 2024 | ||
| 282 months agoNov 2024 | +14.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 8 | 9 | +12.5% |
| 22 Bedrooms | 27 | 28 | +3.7% |
| 33 Bedrooms | 50 | 54 | +8.0% |
| 44 Bedrooms | 55 | 50 | -9.1% |
| 55+ Bedrooms | 52 | 47 | -9.6% |
Summary: 19971 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +12.5%. The inventory for 2 bedroom homes increased by +3.7%. The inventory for 3 bedroom homes increased by +8.0%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes decreased by -9.6%.
Asking Price vs. Sold Price
How much do homes in 19971, DE cost?
Over Asking Price2 Homes
At Asking Price10 Homes
Under Asking Price20 Homes
Insight
If you're buying a home in 19971, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 19971 in December 2024, up by 14.3% month-over-month. Of the 32 sold homes, 63% were sold under asking, 31% were sold at asking, and and 6% were sold over asking.
Days on Market for 19971, DE
How long does it take to sell a home in 19971, DE?
Breakdown of Home Sale Times
Under 30 Days20 Homes
30 – 90 Days7 Homes
Over 90 Days5 Homes
Insight
Many homes in 19971 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 32 homes were sold in 19971; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 42 DaysThis YearDec 2024 | ||
| 43 Days1 year agoDec 2023 | -2.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in 19971 had an average listing age of 42 days in Dec 2024, down by 2.9% compared to the previous year.
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Newest Listings in 19971, DE
What homes are available in 19971, DE?
New - 2 days on Rocket
$10,000 Closing Credit¹
Diane Salvatore, Listing Office: Patterson-Schwartz-Hockessin
New - 3 days on Rocket
$10,000 Closing Credit¹
JOHN RISHKO, Listing Office: Patterson-Schwartz-Rehoboth
New - 3 days on Rocket
STEPHEN HUSTON, Listing Office: CALLAWAY FARNELL AND MOORE
New - 3 days on Rocket
$5,176 Closing Credit¹
Brody Sergent, Listing Office: Northrop Realty
New - 5 days on Rocket
$10,000 Closing Credit¹
SHAUN TULL, Listing Office: Jack Lingo - Rehoboth
New - 6 days on Rocket
$7,006 Closing Credit¹
Dan E Thiewes, Listing Office: ReMax Coastal
Coming soon
$7,896 Closing Credit¹
Andy Whitescarver, Listing Office: RE/MAX Realty Group Rehoboth
New - 7 days on Rocket
$9,203 Closing Credit¹
Debbie Reed, Listing Office: RE/MAX Realty Group Rehoboth
New - 7 days on Rocket
$10,000 Closing Credit¹
Nicholas MacDonald, Listing Office: Iron Valley Real Estate Premier
New - 7 days on RocketVideo tour
$5,403 Closing Credit¹
Christopher Nolte, Listing Office: Coldwell Banker Realty
JASON WILSON, Listing Office: 360 PROPERTY SOLUTIONS
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/24/2025, 5:15:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.