Home Prices in Hockessin DE October 2014
Real Estate Market Data for Hockessin Delaware provided by Sean Casey Patterson-Schwartz Hockessin DE
Hockessin is in Northern New Castle County, but still close to main commuting routes. Hockessin is a beautiful area with both older more established neighborhoods and newer neighborhoods. For more information, visit my Hockessin Delaware page.
Hockessin Home prices
In October, the number of new listings increased by 71.4%. For the year, listings are up 31.7%. The recent upswing in listings is good news for Hockessin Buyers providing more homes to choose from.
If you are looking to buy a home in Hockessin Delaware, you can find a deal but it’s never been more important to have a great real estate agent. Don’t wait on the sidelines too long though, as listings priced right are moving very quickly. Rising interest rates and other outside forces impact home prices.
As you can see, listings are selling 39.3% faster in October and days on market were down to 34. Listings are selling more quickly and they are selling for close to list price at 97% of list price.
Hockessin Real Estate Report Summary
The Median Sales price in October is up 33.1% to $478,000 in Hockessin DE, but pending sales are down 6.7% in October.
Year to Date the Median Sales price is $357,855, and down 1.3%. Also for the year, listings are down 2%, pending sales are down 12.4% and closed sales are down 12.9%. Homes have sold in 69 days so far this year or 25.5% slower than last year. As of October 31, there are 74 single family detached homes on the market in Hockessin up 48%
As of October 31, there were 95 Active listings and 13 homes are under contract. That represents a 7.3 month supply of homes. That means this is a BUYERS MARKET but barely. This is for all price ranges in Hockessin Delaware. Your homes market may be different. If you would like to know if your home is in a sellers or buyers market, you can contact me by phone at 302-733-7020 or by email at email@example.com.
Please visit my webpage to find homes to buy in Hockessin Delaware or for notification when Hockessin Delaware homes become available.
If you are a Hockessin homeowner and want to find out what your home is worth in the current market, please email or call 302-733-7020 or ask for a CMA form here or get an Instant Home Valuation.