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

There was an increase in total units sold in May, with 54 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 47 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 13% versus May 2024.

Versus last year, the total number of homes available this month is higher by 13 units or 23%. The total number of active inventory this May was 70 compared to 57 in May 2024. This month's total of 70 is higher than the previous month's total supply of available inventory of 56, an increase of 25%.

Last May, the median sale price for New Castle, Red Lion, and Delaware City Homes was $305,000. This May, the median sale price was $325,000, an increase of 7% or $20,000 compared to last year. The current median sold price is 8% higher than in April.

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

In May, there was 1.3 months of supply available in New Castle, Red Lion, and Delaware City, compared to 1.2 in May 2024. That is an increase of 9% 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 68 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 45 in May 2024, an increase of 51%. There were 51 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 13% higher than last May.

In May, the average sale price in New Castle, Red Lion, and Delaware City was 100.1% 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 15, higher than the average last year, which was 12, an increase of 25%.





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

Zip Code(s): 19720 and 19706
Units Sold 54	Active Inventory 70	Median Sale Price $325,000	Days On Market 15

Up 13% Vs. Year Ago	Up 23% Vs. Year Ago	Up 7% Vs. Year Ago	Up 25% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 54 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 47 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 13% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 13 units or 23%. The total number of active inventory this May was 70 compared to 57 in May 2024. This month's total of 70 is higher than the previous month's total supply of available inventory of 56, an increase of 25%.
		Median Sale Price Last May, the median sale price for New Castle, Red Lion, and Delaware City Homes was $305,000. This May, the median sale price was $325,000, an increase of 7% or $20,000 compared to last year. The current median sold price is 8% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 68	Current Contracts 51	Sold Vs. List Price 100.1%	Months of Supply 1.3

Up 51% Vs. Year Ago	Up 13% Vs. Year Ago	Down -1% Vs. Year Ago	Up 9% Vs. Year Ago


		Months of Supply In May, there was 1.3 months of supply available in New Castle, Red Lion, and Delaware City, compared to 1.2 in May 2024. That is an increase of 9% 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 68 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 45 in May 2024, an increase of 51%. There were 51 current contracts pending sale this May compared to 45 a year ago. The number of current contracts is 13% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in New Castle, Red Lion, and Delaware City was 100.1% 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 15, higher than the average last year, which was 12, an increase of 25%.


	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.