The Long & Foster Market Minute

Focus On: Hockessin, Greenville, and Centerville Housing Market September 2021

Zip Code(s): 19707,19807,19710 and 19736
Units Sold
Active Inventory
Median Sale Price
Days On Market
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -19%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in September, with 28 sold this month in Hockessin, Greenville, and Centerville Real Estate. This month's total units sold was lower than at this time last year, a decrease from September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 35%. The total number of active inventory this September was 43 compared to 66 in September 2020. This month's total of 43 is higher than the previous month's total supply of available inventory of 42, an increase of 2%.

Median Sale Price
Last September, the median sale price for Hockessin, Greenville, and Centerville Homes was $485,000. This September, the median sale price was $550,000, an increase of 13% or $65,000 compared to last year. The current median sold price is 3% lower than in August.

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

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Up 5%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In September, there was 1.5 months of supply available in Hockessin, Greenville, and Centerville, compared to 2.0 in September 2020. That is a decrease of 23% 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 42 homes newly listed for sale in Hockessin, Greenville, and Centerville compared to 40 in September 2020, an increase of 5%. There were 35 current contracts pending sale this September compared to 44 a year ago. The number of current contracts is 20% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Hockessin, Greenville, and Centerville was 97.8% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 37, a decrease of 19%.

The Long & Foster Market Minute 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.
REALTOR, Equal Opportunity HousingInformation 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.