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| MARCH 2025 | |||
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| Units Sold 396 |
Active Inventory 720 |
Median Sale Price $351,000 |
Days On Market 33 |
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| Down -1% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 18% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 396 sold this month in New Castle County Real Estate versus 323 last month, an increase of 23%. This month's total units sold was lower than at this time last year, a decrease of 1% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 25 units or 4%. The total number of active inventory this March was 720 compared to 695 in March 2024. This month's total of 720 is lower than the previous month's total supply of available inventory of 747, a decrease of 4%. |
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Median Sale Price
Last March, the median sale price for New Castle County Homes was $345,000. This March, the median sale price was $351,000, an increase of 2% or $6,000 compared to last year. The current median sold price is 4% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 595 |
Current Contracts 557 |
Sold Vs. List Price 99.8% |
Months of Supply 1.8 |
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| Up 5% Vs. Year Ago |
Up 12% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In March, there was 1.8 months of supply available in New Castle County. The amount of supply is similar compared to 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. |
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New Listings & Current Contracts
This month there were 595 homes newly listed for sale in New Castle County compared to 565 in March 2024, an increase of 5%. There were 557 current contracts pending sale this March compared to 497 a year ago. The number of current contracts is 12% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in New Castle County was 99.8% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 33, higher than the average last year, which was 28, an increase of 18%. | |||
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| *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. |
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