Newark DE Real Estate Market Update (May 2016)

Real Estate Market Update for Newark, DE (May 2016)

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

New Castle County experienced a 6.2% increase in the number of sold homes through May 2016 compared to same time period in 2015 and a 1.0% increase in the median price of sold homes, from $208,750 to $210,750. The number of homes that went under contract through May 2016 increased 3.9% from 2015.  Search New Castle County Homes.

Newark, DE experienced a 9.3% increase in the number of sold homes through May 2016 compared to same time period in 2015 and a 0.7% increase in the median price of sold homes from $202,000 to $203,375. The number of homes that went under contract through May increased by 7.3% from 2015.  Search Newark, DE homes.

The most expensive home for sale in Newark, DE is a 4 bedroom, 4.1 bath home in Chanterelle. This home is listed $979,000.

The least expensive home for sale in Newark, DE is a 2 bedroom, 1.1 bath townhouse which is listed for $65,000.

If you are considering buying or selling a home, now is a good time to do so.  Please contact us for a free consultation.  Click Here