Homes in Kent County sold for lower prices recently: See how much here
The median home sold for $336,450, an analysis of data from Realtor.com shows. That means April, the most recent month for which figures are available, was slightly down from March.
Compared with April 2024, the median home sales price was down 4.4% compared with $352,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
More: Homes in Sussex County sold for higher prices recently: See how much here
More: Homes in Sussex County sold for higher prices recently: See how much here
Information on your local housing market, along with other useful community data, is available at data.delawareonline.com.
Here is a breakdown of median sale prices:
Looking only at single-family homes, the $337,000 median selling price in Kent County was slightly down in April from $338,000 the month prior. Since April 2024, the sales price of single-family homes was down 4.8% from a median of $353,832.One single family home sold for $1 million or more during the month, compared with four recorded transactions of at least $1 million in April 2024.
Condominiums and townhomes decreased by 60% in sales price during April to a median of $320,000 from $800,000 in March. Compared with April 2024, the sales price of condominiums and townhomes was up 8.5% from $295,000. No condominiums or townhomes sold for $1 million or more during April.
In April, the number of recorded sales in Kent County dropped by 36.6% since April 2024 — from 227 to 144. All residential home sales totaled $50.7 million.
Across Delaware, homes sold at a median of $375,000 during April, a slight decrease from $376,250 in March. There were 987 recorded sales across the state during April, down 18.8% from 1,215 recorded sales in April 2024.
Here's a breakdown for the full state:
The total value of recorded residential home sales in Delaware decreased by 11.1% from $517.3 million in March to $460 million this April.
Out of all residential home sales in Delaware, 4.96% of homes sold for at least $1 million in April, up from 4.36% in April 2024.
Sales prices of single-family homes across Delaware increased by 2.5% from a median of $390,000 in March to $399,900 in April. Since April 2024, the sales price of single-family homes across the state was up 3.9% from $385,000.
Across the state, the sales price of condominiums and townhomes dropped 2% from a median of $325,000 in March to $318,450 during April. The median sales price of condominiums and townhomes is down 9.8% from the median of $353,000 in April 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Delaware News Journal: Homes in Kent County sold for lower prices recently: See how much here
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