HOCKESSIN, GREENVILLE, AND CENTERVILLE HOUSING MARKET DATA

There was a decrease in total units sold in May, with 18 sold this month in Hockessin, Greenville, and Centerville Real Estate versus 19 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 33% versus May 2024.

Versus last year, the total number of homes available this month is lower by 1 units or 3%. The total number of active inventory this May was 39 compared to 40 in May 2024. This month's total of 39 is lower than the previous month's total supply of available inventory of 43, a decrease of 9%.

Last May, the median sale price for Hockessin, Greenville, and Centerville Homes was $735,000. This May, the median sale price was $680,000, a decrease of 7% or $55,000 compared to last year. The current median sold price is 19% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 2.2 months of supply available in Hockessin, Greenville, and Centerville, compared to 1.5 in May 2024. That is an increase of 46% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 32 homes newly listed for sale in Hockessin, Greenville, and Centerville compared to 29 in May 2024, an increase of 10%. There were 33 current contracts pending sale this May compared to 26 a year ago. The number of current contracts is 27% higher than last May.

In May, the average sale price in Hockessin, Greenville, and Centerville was 101.2% of the average list price, which is 1.9% higher than at this time last year.

This month, the average number of days on market was 19, lower than the average last year, which was 43. This decrease was impacted by the limited number of sales.





FOCUS ON: HOCKESSIN, GREENVILLE, AND CENTERVILLE HOUSING MARKET			MAY 2025

Zip Code(s): 19707,19807,19710 and 19736
Units Sold 18	Active Inventory 39	Median Sale Price $680,000	Days On Market 19

Down -33% Vs. Year Ago	Down -3% Vs. Year Ago	Down -7% Vs. Year Ago	Down Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 18 sold this month in Hockessin, Greenville, and Centerville Real Estate versus 19 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 33% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 1 units or 3%. The total number of active inventory this May was 39 compared to 40 in May 2024. This month's total of 39 is lower than the previous month's total supply of available inventory of 43, a decrease of 9%.
		Median Sale Price Last May, the median sale price for Hockessin, Greenville, and Centerville Homes was $735,000. This May, the median sale price was $680,000, a decrease of 7% or $55,000 compared to last year. The current median sold price is 19% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 32	Current Contracts 33	Sold Vs. List Price 101.2%	Months of Supply 2.2

Up 10% Vs. Year Ago	Up 27% Vs. Year Ago	Up 1.9% Vs. Year Ago	Up 47% Vs. Year Ago


		Months of Supply In May, there was 2.2 months of supply available in Hockessin, Greenville, and Centerville, compared to 1.5 in May 2024. That is an increase of 46% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 32 homes newly listed for sale in Hockessin, Greenville, and Centerville compared to 29 in May 2024, an increase of 10%. There were 33 current contracts pending sale this May compared to 26 a year ago. The number of current contracts is 27% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Hockessin, Greenville, and Centerville was 101.2% of the average list price, which is 1.9% higher than at this time last year. Days on Market This month, the average number of days on market was 19, lower than the average last year, which was 43. This decrease was impacted by the limited number of sales.


	Hockessin, Greenville, and Centerville are defined as properties listed in zip code/s 19707,19807,19710 and 19736.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.