NEW CASTLE, RED LION, AND DELAWARE CITY HOUSING MARKET DATA

There was a decrease in total units sold in July, with 46 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 52 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 13% versus July 2024.

Versus last year, the total number of homes available this month is higher by 17 units or 33%. The total number of active inventory this July was 69 compared to 52 in July 2024. This month's total of 69 is higher than the previous month's total supply of available inventory of 61, an increase of 13%.

Last July, the median sale price for New Castle, Red Lion, and Delaware City Homes was $300,000. This July, the median sale price was $308,250, an increase of 3% or $8,250 compared to last year. The current median sold price is 6% lower 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 1.5 months of supply available in New Castle, Red Lion, and Delaware City, compared to 1.0 in July 2024. That is an increase of 53% 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 70 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 58 in July 2024, an increase of 21%. There were 55 current contracts pending sale this July, consistent with the volume a year ago. The number of current contracts is 4% higher than last month.

In July, the average sale price in New Castle, Red Lion, and Delaware City was 100.2% of the average list price, which is 1.0% lower than at this time last year.

This month, the average number of days on market was 18, higher than the average last year, which was 14, an increase of 29%.





FOCUS ON: NEW CASTLE, RED LION, AND DELAWARE CITY HOUSING MARKET			JULY 2025

Zip Code(s): 19720 and 19706
Units Sold 46	Active Inventory 69	Median Sale Price $308,250	Days On Market 18

Down -13% Vs. Year Ago	Up 33% Vs. Year Ago	Up 3% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was a decrease in total units sold in July, with 46 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 52 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 13% versus July 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 17 units or 33%. The total number of active inventory this July was 69 compared to 52 in July 2024. This month's total of 69 is higher than the previous month's total supply of available inventory of 61, an increase of 13%.
		Median Sale Price Last July, the median sale price for New Castle, Red Lion, and Delaware City Homes was $300,000. This July, the median sale price was $308,250, an increase of 3% or $8,250 compared to last year. The current median sold price is 6% lower 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 70	Current Contracts 55	Sold Vs. List Price 100.2%	Months of Supply 1.5

Up 21% Vs. Year Ago	No Change Vs. Year Ago	Down -1% Vs. Year Ago	Up 53% Vs. Year Ago


		Months of Supply In July, there was 1.5 months of supply available in New Castle, Red Lion, and Delaware City, compared to 1.0 in July 2024. That is an increase of 53% 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 70 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 58 in July 2024, an increase of 21%. There were 55 current contracts pending sale this July, consistent with the volume a year ago. The number of current contracts is 4% higher than last month.
		Sale Price to List Price Ratio In July, the average sale price in New Castle, Red Lion, and Delaware City was 100.2% of the average list price, which is 1.0% lower than at this time last year. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 14, an increase of 29%.


	New Castle, Red Lion, and Delaware City are defined as properties listed in zip code/s 19720 and 19706.
	*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.