PIKE CREEK, MILLTOWN, AND HOCKESSIN HOUSING MARKET DATA

There was an increase in total units sold in August, with 50 sold this month in Pike Creek, Milltown, and Hockessin Real Estate versus 44 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2024.

The total number of homes available this month is 56 units, which is similar compared to a year ago. This month's total of 56 is lower than the previous month's total supply of available inventory of 62, a decrease of 10%.

Last August, the median sale price for Pike Creek, Milltown, and Hockessin Homes was $431,000. This August, the median sale price was $444,500, an increase of 3% or $13,500 compared to last year. The current median sold price is 5% higher 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 1.1 months of supply available in Pike Creek, Milltown, and Hockessin, compared to 1.0 in August 2024. That is an increase of 10% 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 44 homes newly listed for sale in Pike Creek, Milltown, and Hockessin compared to 55 in August 2024, a decrease of 20%. There were 47 current contracts pending sale this August compared to 62 a year ago. The number of current contracts is 24% lower than last August.

In August, the average sale price in Pike Creek, Milltown, and Hockessin was 100.5% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 19, higher than the average last year, which was 14, an increase of 36%.





FOCUS ON: PIKE CREEK, MILLTOWN, AND HOCKESSIN HOUSING MARKET			AUGUST 2025

Zip Code(s): 19808 and 19707
Units Sold 50	Active Inventory 56	Median Sale Price $444,500	Days On Market 19

Down -9% Vs. Year Ago	No Change Vs. Year Ago	Up 3% Vs. Year Ago	Up 36% Vs. Year Ago


		Units Sold There was an increase in total units sold in August, with 50 sold this month in Pike Creek, Milltown, and Hockessin Real Estate versus 44 last month, an increase of 14%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2024.
Active Inventory The total number of homes available this month is 56 units, which is similar compared to a year ago. This month's total of 56 is lower than the previous month's total supply of available inventory of 62, a decrease of 10%.
		Median Sale Price Last August, the median sale price for Pike Creek, Milltown, and Hockessin Homes was $431,000. This August, the median sale price was $444,500, an increase of 3% or $13,500 compared to last year. The current median sold price is 5% higher 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 44	Current Contracts 47	Sold Vs. List Price 100.5%	Months of Supply 1.1

Down -20% Vs. Year Ago	Down -24% Vs. Year Ago	No Change Vs. Year Ago	Up 10% Vs. Year Ago


		Months of Supply In August, there was 1.1 months of supply available in Pike Creek, Milltown, and Hockessin, compared to 1.0 in August 2024. That is an increase of 10% 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 44 homes newly listed for sale in Pike Creek, Milltown, and Hockessin compared to 55 in August 2024, a decrease of 20%. There were 47 current contracts pending sale this August compared to 62 a year ago. The number of current contracts is 24% lower than last August.
		Sale Price to List Price Ratio In August, the average sale price in Pike Creek, Milltown, and Hockessin was 100.5% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 19, higher than the average last year, which was 14, an increase of 36%.


	Pike Creek, Milltown, and Hockessin are defined as properties listed in zip code/s 19808 and 19707.
	*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.