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This Newark Real Estate Market Report March 2018 is based on statistics from Bright MLS.
Over the last 5 years, the Newark Delaware area (including Glasgow) has seen home prices that average $217,290 gradually increase to $239,292 by the end of 2017.
Each neighborhood has its own features and styles and average home sales price. The Newark area includes single-family residences, condos, and townhouses.
To buy or sell in the Newark Real Estate Market, Contact Sean Casey at Patterson-Schwartz Real Estate.
Year | Average Sales Price |
|---|---|
2013 | $217,290 |
2014 | $224,368 |
2015 | $231,687 |
2016 | $234,689 |
2017 | $239,724 |
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National Real Estate Market
According to the National Association of REALTORS®, Nationally February Sales were up 3.0% from January and up 1.1% from last year. The Median Sales price was up 5.9% to $241,700. Active Listings were down 8.1% from last year. Average Days on Market was 37 Days. Signed contracts were up 3.1% from last month and down 4.1% from last year. The 30-Year fixed mortgage rate was 4.5% nationally. The National Forecasted Home Price growth is up 4.2% from 2017.
Newark Real Estate Market March 2018-Overview
Newark Delaware had a 3.5% decrease in new listings in March, down to 222.
Closed sales fell 2.3% to 125 sold homes. Pending sales fell 12.7% and average days on market dropped 31.5% to 45
Single-family detached inventory was down 23.9% to just 207 homes. The median sales price was down 1.7% to $215,000.
Home sellers were getting an average of 96.5% of their asking price.
The highest priced home sold in Newark was in Bay Pointe for $475,000.
Newark Real Estate Market-19702
Newark Delaware 19702 had a 13.7% decrease in new listings in March 2018, down to 63 from 73 in the same period last year. Single-family Detached inventory was down 6% to 63 homes. The highest priced home sold in 19702 was in Bay Pointe for $475,000.
Closed Sales were up 34.2% to 51 closings. Pending Sales were down 15%.
The median sales price was down 0.6% to $189,900. The average Days on Market for March 2018 were 33 days down from 89 last year, a decrease of 62.9%.
Home Sellers were getting an average of 97.5% sales to list price ratio.
Recently Sold in 19702
19702 Sales by Neighborhood-YTD 2018
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
Adams Run | 1 | $399,900 | 7 |
Aspen Woods | 1 | $205,000 | 64 |
Bay Pointe | 1 | $475,000 | 7 |
Belden | 1 | $435,00 | 8 |
Belltown Woods | 2 | $272,000 | 73 |
Bristol Place | 2 | $194,950 | 18 |
Brookfield | 2 | $199,450 | 10 |
Castlebar | 1 | $252,000 | 9 |
Cavalier Townhouse | 1 | $134,000 | 26 |
Chapman Woods | 4 | $176,500 | 21 |
Charlan | 1 | $273,000 | 6 |
Christiana Green | 4 | $208,700 | 7 |
Cobblestones | 1 | $137,000 | 38 |
Cooches Bridge | 1 | $158,000 | 20 |
Coopers Run | 1 | $284,000 | 3 |
Country Creek | 4 | $141,625 | 52 |
Eagle Trace | 1 | $171,000 | 53 |
Fieldstream | 1 | $138,000 | 5 |
Forest Knoll | 1 | $259,500 | 61 |
Four Seasons | 1 | $129,900 | 5 |
Frenchtown Woods | 4 | $277,375 | 13 |
Glasgow Pines | 5 | $113,840 | 24 |
Glennwood Station | 1 | $215,000 | 5 |
Gray Acres | 1 | $309,000 | 5 |
Heather Woods | 1 | $241,900 | 60 |
Hudson Village | 4 | $278,950 | 45 |
Huntington | 2 | $279,000 | 76 |
Marabou Meadows | 1 | $270,000 | 20 |
Melody Meadows | 1 | $201,000 | 7 |
Newtowne Village | 3 | $149,333 | 180 |
Norwegian Woods | 1 | $465,500 | 9 |
Old Mill Village | 1 | $180,000 | 62 |
Old Post Farm | 1 | $315,000 | 19 |
Pencader Village | 1 | $222,000 | 5 |
Piermont Woods | 1 | $189,900 | 9 |
Pleasant Valley Estates | 1 | $299,900 | 9 |
Preserve at Lafayette | 1 | $360,000 | 1 |
Princeton Wood | 1 | $122,800 | 13 |
Raintree Village | 1 | $249,000 | 33 |
Reserve at Ironside | 1 | $380,000 | 31 |
River Walk | 2 | $192,750 | 26 |
Rosetree Hunt | 1 | $262,000 | 64 |
Salem Woods | 10 | $261,180 | 38 |
Shelly Farms | 1 | $259,900 | 5 |
Steeple Glenn | 1 | $265,000 | 59 |
Stones Throw | 3 | $94,333 | 72 |
Summer Hill | 2 | $318,950 | 38 |
Taylortowne | 3 | $154,300 | 91 |
Timber Farms | 3 | $382,419 | 3 |
Village of Fox Meadow | 2 | $324,900 | 125 |
Waters Edge | 4 | $108,875 | 118 |
Wellington Woods | 5 | $150,935 | 24 |
Wellington Woods II | 1 | $166,000 | 7 |
Westhover | 1 | $169,900 | 9 |
Welsh Hill Preserve | 1 | $355,000 | 16 |
Winsome Common | 1 | $149,000 | 3 |
Woodland Trail | 3 | $131,633 | 30 |
Woodlands at Perch Creek | 1 | $315,000 | 9 |
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Newark Housing Market 19711
The 19711 Newark Delaware Housing market saw a slight increase in new listings of 6.5% to 66 listings.
Closed Sales were down 32.4% with 23 homes sold and Pending Sales were down 25.0% to 45 under contract.
The median sales price was down 8.8% to $265,000. Average Days on Market were down to 53 a decrease of 10.4%
Single-family inventory was down 17.8% to only 60 homes for sale. The highest priced home sold was in The Hunt at Louviers and sold for $440,000.
Recently Sold Homes in 19711
19711 Homes Sold by Subdivision
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $220,000 | 8 | |
1 | $355,750 | 4 | |
Autumnwood | 1 | $555,000 | 171 |
3 | $402,166 | 74 | |
1 | $165,000 | 7 | |
Blair Village | 1 | $146,100 | 24 |
3 | $273,000 | 78 | |
2 | $187,500 | 62 | |
1 | $389,900 | 39 | |
Christine Manor | 1 | $265,000 | 53 |
Clearview Ridge | 1 | $240,000 | 55 |
1 | $400,000 | 285 | |
1 | $265,000 | 161 | |
2 | $357,500 | 36 | |
Creekside | 4 | $111,875 | 41 |
Deacons Walk | 1 | $279,900 | 4 |
2 | $238,400 | 81 | |
Drummond North | 1 | $269,900 | 3 |
Drummond Ridge | 2 | $225,000 | 15 |
1 | $241,000 | 9 | |
1 | $267,000 | 98 | |
1 | $236,000 | 14 | |
1 | $280,500 | 49 | |
Fox Lane | 1 | $433,000 | 25 |
1 | $160,000 | 39 | |
Green Valley | 3 | $200,666 | 31 |
1 | $295,000 | 21 | |
Harmony Hills | 4 | $189,937 | 81 |
Henderson Heights | 1 | $198,000 | 78 |
1 | $440,000 | 7 | |
Jarrell Farms | 1 | $390,000 | 36 |
Lamatan II | 1 | $385,000 | 244 |
Meadowood | 5 | $230,360 | 39 |
Meeting House Hill | 1 | $295,000 | 3 |
3 | $332,333 | 104 | |
3 | $315,300 | 122 | |
1 | $280,000 | 7 | |
1 | $255,000 | 91 | |
1 | $375,000 | 48 | |
Prestwick Farms | 1 | $180,100 | 148 |
Red Mill Farms | 3 | $161,633 | 19 |
Richards Lane | 2 | $177,500 | 25 |
Sheffield Manor | 1 | $219,000 | 5 |
1 | $226,810 | 8 | |
1 | $381,000 | 16 | |
3 | $216,966 | 46 | |
2 | $252,500 | 16 |
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Newark Home Market 19713
Newark 19713 home listings were down 2.3% to 43 in March. Closed Sales were up to 30 homes sold, an increase of 42.9%. Pending Sales were down 26.7% to 33.
The median home price in 19713 zip code was $206,000, an increase of 8.5%. Average Days on Market were up 16.3% at 50.
Sellers got 97.7% of their list price in March. Single-family home inventory was down 19.3% to 46.
The highest priced home in 19713 was in Spring Hill and sold for $346,900.
Recently Sold Homes in 19713
19713 Homes Sold by Community
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $435,000 | 36 | |
Breezewood | 2 | $223,950 | 62 |
Breezewood II | 1 | $138,500 | 93 |
11 | $177,463 | 23 | |
4 | $167,475 | 53 | |
Cannons Gate | 1 | $205,000 | 57 |
Chelmsford | 1 | $110,000 | 5 |
Cherokee Woods | 1 | $260,000 | 39 |
Chestnut Hill | 1 | $224,000 | 12 |
Chestnut Hill Estates | 3 | $188,333 | 83 |
Elmwood | 1 | $257,500 | 48 |
Fountainview | 1 | $127,000 | 77 |
Gender Woods | 2 | $290,250 | 4 |
Greenbridge | 2 | $207,500 | 61 |
Harmony Woods | 1 | $200,000 | 195 |
Hillside Heights | 4 | $187,000 | 88 |
Newark Oaks | 1 | $249,900 | 4 |
Pilgrim Gardens | 1 | $133,000 | 17 |
Robscott | 1 | $230,000 | 1 |
Robscott Manor | 2 | $188,200 | 95 |
Rolling Green | 1 | $282,500 | 328 |
Rutherford | 1 | $137,500 | 28 |
Scottfield | 6 | $162,916 | 54 |
Sherwood Forest | 2 | $254,950 | 25 |
1 | $215,000 | 55 | |
1 | $346,900 | 38 | |
Tanglewood | 1 | $218,000 | 6 |
Todd Estates | 6 | $202,166 | 47 |
Todd Estates II | 1 | $107,000 | 8 |
1 | $81,000 | 44 | |
Whispering Pines | 1 | $166,000 | 4 |
White Chapel Village | 1 | $135,000 | 6 |
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