Real Estate Market Update for Wilmington, DE (March 2016)

Real Estate Market Update for Wilmington, DE (March 2016)

Real estate market data for Wilmington, DE provided by Suzanne and Chris Rumsey of Rumsey Home Team, Patterson-Schwartz Real Estate.

New Castle County experienced a 9.2% increase in the number of sold homes through March 2016 compared to same time period in 2015 and a 1.5% increase in the median price of sold homes, from $204,500 to $207,500. The number of homes that went under contract through March 2016 increased 2.2% from 2015.

Wilmington, DE experienced a 22.1% increase in the number of sold homes through Mach 2016 compared to same time period in 2015 and a 6.7% increase in the median price of sold homes, from $112,000 to $119,500. The number of homes that went under contract through March 2016 increased 22.1% from 2015.

The most expensive home for sale in Wilmington, DE is a home on Old Kennett Road which is listed for $8,700,000. It is a country estate with 8 bedrooms and 7 baths on .6 acres. The least expensive home for sale in Wilmington, DE is a 3 bedroom, 1 bath, fixer upper townhouse. This home is listed for $15,000.

If you are considering buying or selling a home, now is a good time to do so. If you are considering buying or selling a home, please contact us for a free, no obligation consultation.