Coming soon
$7,748 Closing Credit¹
Jeff Bollinger, Listing Office: BHHS Fox & Roach - Hockessin
Piedmont Housing Market Report December 2024•New Castle County, Delaware
Housing Prices in Piedmont, DE
How much do homes in Piedmont, DE cost?
Housing Market Conditions
Is Piedmont, DE a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Piedmont is a Neutral Market
Difference Since December 2023
At the same time last year, Piedmont was a Seller's Market.
Insight
Piedmont is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$672,000$225/SqFt
+$53,833
+8.7%
Based on all homes sold in the last 12 months
Insight
Homes in Piedmont have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Piedmont was $672,000 in December 2024, up 8.7% from last year, and the median price per square foot was $225.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Kennett Township | $567.5K | $654.5K | +15.3% |
| Hockessin | $525K | $600K | +14.3% |
| Piedmont | $618.1K | $672K | +8.7% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $325K | $395K | +21.5% |
| 33 Bedrooms | $515K | $552.5K | +7.3% |
| 44 Bedrooms | $640K | $667.5K | +4.3% |
| 55+ Bedrooms | $880K | $951.2K | +8.1% |
Summary: Piedmont housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +21.5%. The home price for 3 bedroom homes increased by +7.3%. The home price for 4 bedroom homes increased by +4.3%. The home price for 5 bedroom homes increased by +8.1%.
Housing supply in Piedmont, DE
How many homes are available in Piedmont, DE?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 67Last MonthDec 2024 | ||
| 732 months agoNov 2024 | -8.2 % Change MoMNov – Dec |
Summary: The Piedmont real estate market had 67 homes for sale in Dec 2024, a 8.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 10Last MonthDec 2024 | ||
| 212 months agoNov 2024 | -52.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 3 | 0.0% |
| 33 Bedrooms | 8 | 9 | +12.5% |
| 44 Bedrooms | 39 | 34 | -12.8% |
| 55+ Bedrooms | 23 | 21 | -8.7% |
Summary: Piedmont housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes decreased by -12.8%. The inventory for 5 bedroom homes decreased by -8.7%.
Asking Price vs. Sold Price
How much do homes in Piedmont, DE cost?
Over Asking Price5 Homes
At Asking Price3 Homes
Under Asking Price2 Homes
Insight
If you're buying a home in Piedmont, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Piedmont in December 2024, down by 52.4% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and and 50% were sold over asking.
Days on Market for Piedmont, DE
How long does it take to sell a home in Piedmont, DE?
Breakdown of Home Sale Times
Under 30 Days9 Homes
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in Piedmont; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 53 DaysThis YearDec 2024 | ||
| 28 Days1 year agoDec 2023 | +90.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Piedmont had an average listing age of 53 days in Dec 2024, up by 90.6% compared to the previous year.
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Newest Listings in Piedmont, DE
What homes are available in Piedmont, DE?
New - 5 hours on Rocket3D tour
$6,828 Closing Credit¹
Blakely A Minton, Listing Office: Redfin Corporation
New - 1 day on RocketBackup offers
$10,000 Closing Credit¹
Dean Outten, Listing Office: Patterson-Schwartz-Hockessin
New - 2 days on Rocket
$4,513 Closing Credit¹
James Jung, Listing Office: Foraker Realty Co.
Backup offers
$4,869 Closing Credit¹
Stacy Horowitz, Listing Office: Long & Foster Real Estate, Inc.
$6,352 Closing Credit¹
Thomas Riccio, Listing Office: RE/MAX Point Realty
$6,175 Closing Credit¹
Cammy M Jamison, Listing Office: Compass
$7,599 Closing Credit¹
James D. Pettit, Listing Office: RE/MAX Elite
$7,124 Closing Credit¹
Rhonda L Smith, Listing Office: Patterson-Schwartz-Hockessin
Backup offers
$10,000 Closing Credit¹
Jeff Roland, Listing Office: BHHS Fox & Roach-Kennett Sq
$10,000 Closing Credit¹
Gary V. Bright, Listing Office: Tesla Realty Group, LLC
$10,000 Closing Credit¹
Bayard Williams, Listing Office: House of Real Estate
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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: 1/29/2025, 3:24:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.