Market Update - A Local Perspective

 

New Castle County, DE

New Castle County experienced a 12.1% decrease in the number of sold homes for the first nine months of 2022 compared to 2021, and an 13.1% increase in the median sales price from $283,000 to $320,000. The number of homes that went under contract in the 1st nine months of 2022 decreased 16.6% from 2021.

 

Kent County, DE

For the 1st nine months of 2022, Kent County experienced a 7.8% decrease in the number of sold homes compared to 2021, and a 10.8% increase in the median sales price from $275,000 to $304,600. The number of homes that went under contract in the first nine months of 2022 decreased 11.2% from 2021.

Sussex County, DE

For the first nine months of 2022, Sussex County experienced an 13.3% decrease in the number of sold homes compared to 2021, and a 17.2% increase in the median sales price from $362,490 to $425,000. The number of homes that went under contract in the 1st nine months of 2022 decreased 24.7% from 2021.

Southern Chester County, PA

Southern Chester County experienced a 18.3% decrease in the number of sold homes for the first 9 months of 2022 compared to 2021, and a 13.5% increase in the median sales price from $455,000 to $516,500. The number of homes that went under contract in the 1st nine months of 2022 decreased 27.0% from 2021.

Cecil County, MD

For the 1st nine months of 2022, Cecil County experienced a 9.8% decrease in the number of sold homes compared to 2021, and an 8.2% increase in the median sales price from $285,000 to $308,400. The number of homes that went under contract in the first 9 months of 2022 decreased 20.3% from 2021.

 

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 10/10/2022.


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