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This Newark Real Estate Market Report February 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 Delaware 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 January Sales were down 3.2% from December and down 4.8% from last year. The Median Sales price was up 5.8% to $240,500. Prices are up in 92% of all markets. Prices are at new highs in 63%. Active Listings were up 9.5%. Average Days on Market was 42 Days. The 30-Year fixed mortgage rate was 4.9% nationally. The National Forecasted Home Price growth is up 2.7% from 2017.
Newark Real Estate Market Report-Overview
Newark Delaware had a 5.9% decrease in new listings in February, down to 160.
Closed sales fell 22.3% to 94 sold homes. Pending sales fell 14.4% and average days on market dropped 11.5% to 54.
Single family detached inventory was down 29.2% to just 194 homes. The median sales price was up 12.3% to $222,350.
Home sellers were getting an average of 95.8% of their asking price.
The highest priced home sold in Newark was in Autumnwood for $555,000.
Newark Real Estate Market-19702
Newark Delaware 19702 had a 58.5% increase in listings in February 2018, up to 65 from just 41 in the same period last year. Single-family Detached inventory was down 30.6% to 50 homes. The highest priced home sold in 19702 was in Salem Woods for $377,000.
Closed Sales were down 40.4% to 31 closings. Pending Sales were up 57.6%.
The median sales price was up 15.9% to $208,500. The average Days on Market for February 2018 were 36 days down from 49 last year, a decrease of 26.5%.
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 |
|---|---|---|---|
Aspen Woods | 1 | $205,000 | 64 |
Belden | 1 | $435,00 | 8 |
Bristol Place | 1 | $200,000 | 21 |
Brookfield | 2 | $199,450 | 10 |
Castlebar | 1 | $252,000 | 9 |
Chapman Woods | 3 | $188,666 | 28 |
Charlan | 1 | $273,000 | 6 |
Christiana Green | 3 | $198,300 | 8 |
Cobblestones | 1 | $137,000 | 38 |
Country Creek | 2 | $143,500 | 9 |
Forest Knoll | 1 | $259,500 | 61 |
Four Seasons | 1 | $129,900 | 5 |
Frenchtown Woods | 3 | $278,166 | 15 |
Glasgow Pines | 1 | $208,500 | 15 |
Heather Woods | 1 | $241,900 | 60 |
Huntington | 2 | $279,000 | 76 |
Marabou Meadows | 1 | $270,000 | 20 |
Melody Meadows | 1 | $201,000 | 7 |
Newtowne Village | 2 | $137,500 | 254 |
Norwegian Woods | 1 | $465,500 | 9 |
Old Mill Village | 1 | $180,000 | 62 |
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 | 1 | $204,000 | 45 |
Rosetree Hunt | 1 | $262,000 | 64 |
Salem Woods | 7 | $261,971 | 37 |
Shelly Farms | 1 | $259,900 | 5 |
Steeple Glenn | 1 | $265,000 | 59 |
Stones Throw | 2 | $110,000 | 81 |
Summer Hill | 2 | $318,950 | 38 |
Timber Farms | 2 | $366,628 | 54 |
Village of Fox Meadow | 1 | $310,900 | 99 |
Waters Edge | 4 | $108,875 | 118 |
Wellington Woods | 2 | $160,750 | 42 |
Westhover | 1 | $169,900 | 9 |
Woodland Trail | 2 | $159,950 | 45 |
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Newark Housing Market 19711
The 19711 Newark Delaware Housing market saw a decline in new listings of 26.5% to 36 listings.
Closed Sales were flat with 28 homes sold and Pending Sales were down 43.9% to 23 under contract.
The median sales price was up 4.0% to $241,000. Average Days on Market were down to 66 a decrease of 10.8%
Single-family inventory was down 29.3% to only 53 homes for sale. The highest priced home sold was in Autumnwood and sold for $555,000.
Recently Sold Homes in 19711
19711 Homes Sold by Subdivision
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $220,000 | 8 | |
Autumnwood | 1 | $555,000 | 171 |
2 | $418,750 | 10 | |
1 | $165,000 | 7 | |
1 | $242,000 | 226 | |
Cherry Hill | 2 | $187,500 | 62 |
1 | $389,900 | 39 | |
Christine Manor | 1 | $265,000 | 53 |
Clearview Ridge | 1 | $240,000 | 55 |
1 | $265,000 | 161 | |
1 | $380,000 | 28 | |
Creekside | 2 | $115,250 | 61 |
Deacons Walk | 1 | $279,900 | 4 |
2 | $238,400 | 81 | |
Drummond North | 1 | $269,900 | 3 |
Drummond Ridge | 1 | $235,000 | 25 |
1 | $241,000 | 9 | |
1 | $236,000 | 14 | |
Fox Lane | 1 | $433,000 | 25 |
Green Valley | 1 | $212,000 | 23 |
1 | $295,000 | 21 | |
Harmony Hills | 3 | $149,416 | 75 |
Henderson Heights | 1 | $198,000 | 78 |
Jarrell Farms | 1 | $390,000 | 36 |
Lamatan II | 1 | $385,000 | 244 |
Meadowood | 5 | $230,360 | 39 |
Meeting House Hill | 1 | $295,000 | 3 |
2 | $316,000 | 147 | |
North Star | 3 | $315,300 | 122 |
1 | $280,000 | 7 | |
1 | $375,000 | 48 | |
Prestwick Farms | 1 | $180,100 | 148 |
Red Mill Farms | 3 | $161,633 | 19 |
Sheffield Manor | 1 | $219,000 | 5 |
1 | $226,810 | 8 | |
1 | $381,000 | 16 | |
2 | $208,000 | 68 | |
1 | $240,000 | 29 |
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Newark Home Market 19713
Newark 19713 home listings were down 33.3% to 26 in February. Closed Sales were down to 13 homes sold, a decrease of 27.8%. Pending Sales were up 9.5% to 23.
The median home price in 19713 zip code was $164,000, a decrease of 6.8%. Average Days on Market were down 12.7% at 48.
Sellers got 98.2% of their list price in February. Single-family home inventory was down 31.3% to 44.
The highest priced home in 19713 was in Gender Woods and sold for $255,000.
Recently Sold Homes in 19713
19713 Homes Sold by Community
Neighborhood | # Homes Sold | Average Sales Price | Days on Market |
|---|---|---|---|
1 | $435,000 | 36 | |
Breezewood | 1 | $227,900 | 63 |
Breezewood II | 1 | $138,500 | 93 |
6 | $174,433 | 19 | |
2 | $148,500 | 72 | |
Cannons Gate | 1 | $205,000 | 57 |
Cherokee Woods | 1 | $260,000 | 39 |
Chestnut Hill Estates | 1 | $140,000 | 100 |
Elmwood | 1 | $257,500 | 48 |
Gender Woods | 1 | $255,000 | 5 |
Harmony Woods | 1 | $200,000 | 195 |
Hillside Heights | 3 | $183,333 | 83 |
Pilgrim Gardens | 1 | $133,000 | 17 |
Rutherford | 1 | $137,500 | 28 |
Scottfield | 5 | $188,300 | 64 |
Sherwood Forest | 1 | $235,000 | 48 |
1 | $215,000 | 55 | |
Tanglewood | 1 | $218,000 | 6 |
Todd Estates | 2 | $187,500 | 37 |
Todd Estates II | 1 | $107,000 | 8 |
1 | $81,000 | 44 | |
White Chapel Village | 1 | $135,000 | 6 |
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