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

There was an increase in total units sold in August, with 51 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 50 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2024.

Versus last year, the total number of homes available this month is lower by 10 units or 14%. The total number of active inventory this August was 64 compared to 74 in August 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 83, a decrease of 23%.

Last August, the median sale price for New Castle, Red Lion, and Delaware City Homes was $329,500. This August, the median sale price was $300,000, a decrease of 9% or $29,500 compared to last year. The current median sold price is 3% 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 1.3 months of supply available in New Castle, Red Lion, and Delaware City. 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 45 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 70 in August 2024, a decrease of 36%. There were 53 current contracts pending sale this August compared to 33 a year ago. The number of current contracts is 61% higher than last August.

In August, the average sale price in New Castle, Red Lion, and Delaware City was 100.0% 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 27, lower than the average last year, which was 33, a decrease of 18%.





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

Zip Code(s): 19720 and 19706
Units Sold 51	Active Inventory 64	Median Sale Price $300,000	Days On Market 27

Down -9% Vs. Year Ago	Down -14% Vs. Year Ago	Down -9% Vs. Year Ago	Down -18% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 51 sold this month in New Castle, Red Lion, and Delaware City Real Estate versus 50 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 10 units or 14%. The total number of active inventory this August was 64 compared to 74 in August 2024. This month's total of 64 is lower than the previous month's total supply of available inventory of 83, a decrease of 23%.
		Median Sale Price Last August, the median sale price for New Castle, Red Lion, and Delaware City Homes was $329,500. This August, the median sale price was $300,000, a decrease of 9% or $29,500 compared to last year. The current median sold price is 3% 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 45	Current Contracts 53	Sold Vs. List Price 100.0%	Months of Supply 1.3

Down -36% Vs. Year Ago	Up 61% Vs. Year Ago	Down -0.7% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In August, there was 1.3 months of supply available in New Castle, Red Lion, and Delaware City. 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 45 homes newly listed for sale in New Castle, Red Lion, and Delaware City compared to 70 in August 2024, a decrease of 36%. There were 53 current contracts pending sale this August compared to 33 a year ago. The number of current contracts is 61% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in New Castle, Red Lion, and Delaware City was 100.0% 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 27, lower than the average last year, which was 33, a decrease of 18%.


	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.