NEW CASTLE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in August, with 503 sold this month in New Castle County Real Estate versus 491 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2024.

The total number of homes available this month is 869 units, which is similar compared to a year ago. This month's total of 869 is lower than the previous month's total supply of available inventory of 915, a decrease of 5%.

Last August, the median sale price for New Castle County Homes was $380,000. This August, the median sale price was $375,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 9% lower than in July.

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

In August, there was 1.7 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.

This month there were 536 homes newly listed for sale in New Castle County compared to 624 in August 2024, a decrease of 14%. There were 500 current contracts pending sale this August compared to 495 a year ago. The number of current contracts is 1% higher than last August.

In August, the average sale price in New Castle County was 99.6% of the average list price, which is 0.6% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 22, an increase of 14%.





FOCUS ON: NEW CASTLE COUNTY HOUSING MARKET			AUGUST 2025

Units Sold 503	Active Inventory 869	Median Sale Price $375,000	Days On Market 25

Down -2% Vs. Year Ago	No Change Vs. Year Ago	Down -1% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 503 sold this month in New Castle County Real Estate versus 491 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 2% versus August 2024.
Active Inventory The total number of homes available this month is 869 units, which is similar compared to a year ago. This month's total of 869 is lower than the previous month's total supply of available inventory of 915, a decrease of 5%.
		Median Sale Price Last August, the median sale price for New Castle County Homes was $380,000. This August, the median sale price was $375,000, a decrease of 1% or $5,000 compared to last year. The current median sold price is 9% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 536	Current Contracts 500	Sold Vs. List Price 99.6%	Months of Supply 1.7

Down -14% Vs. Year Ago	Up 1% Vs. Year Ago	Down -0.6% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 1.7 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.
New Listings & Current Contracts This month there were 536 homes newly listed for sale in New Castle County compared to 624 in August 2024, a decrease of 14%. There were 500 current contracts pending sale this August compared to 495 a year ago. The number of current contracts is 1% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in New Castle County was 99.6% of the average list price, which is 0.6% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 22, an increase of 14%.



	*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.