NEW CASTLE COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in July, with 472 sold this month in New Castle County Real Estate versus 540 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2024.

The total number of homes available this month is 823 units, which is similar compared to a year ago. This month's total of 823 is lower than the previous month's total supply of available inventory of 875, a decrease of 6%.

Last July, the median sale price for New Castle County Homes was $356,500. This July, the median sale price was $410,000, an increase of 15% or $53,500 compared to last year. The current median sold price is 5% higher than in June.

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

In July, there was 1.7 months of supply available in New Castle County, compared to 1.5 in July 2024. That is an increase of 14% 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 572 homes newly listed for sale in New Castle County compared to 604 in July 2024, a decrease of 5%. There were 527 current contracts pending sale this July compared to 461 a year ago. The number of current contracts is 14% higher than last July.

In July, the average sale price in New Castle County was 99.8% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%.





FOCUS ON: NEW CASTLE COUNTY HOUSING MARKET			JULY 2025

Units Sold 472	Active Inventory 823	Median Sale Price $410,000	Days On Market 23

Down -12% Vs. Year Ago	No Change Vs. Year Ago	Up 15% Vs. Year Ago	Up 28% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 472 sold this month in New Castle County Real Estate versus 540 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 12% versus July 2024.
Active Inventory The total number of homes available this month is 823 units, which is similar compared to a year ago. This month's total of 823 is lower than the previous month's total supply of available inventory of 875, a decrease of 6%.
		Median Sale Price Last July, the median sale price for New Castle County Homes was $356,500. This July, the median sale price was $410,000, an increase of 15% or $53,500 compared to last year. The current median sold price is 5% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 572	Current Contracts 527	Sold Vs. List Price 99.8%	Months of Supply 1.7

Down -5% Vs. Year Ago	Up 14% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In July, there was 1.7 months of supply available in New Castle County, compared to 1.5 in July 2024. That is an increase of 14% 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 572 homes newly listed for sale in New Castle County compared to 604 in July 2024, a decrease of 5%. There were 527 current contracts pending sale this July compared to 461 a year ago. The number of current contracts is 14% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in New Castle County was 99.8% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 23, higher than the average last year, which was 18, an increase of 28%.



	*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.