The average Fair Market Rent for a 2-bedroom home in Delaware is $1,096 per month. NeighborhoodScout's proprietary algorithms developed by Dr. Schiller, creating an updated historical database that is then used to estimate the The average sale price per square foot in Delaware is $146, up 25.9% since last year. by NeighborhoodScout each quarter as additional mortgages are purchased or Given the buyer dynamics, 2019 will continue the favorable market for sellers, as well—but not everyone will garner multiple offers, as in recent years. Single-family detached homes are the single most common housing type in Delaware, accounting for 63.33% of the city's housing units. Read more about Scout's Real Estate Data. The report’s consultants concluded that the county needed to add about 1,500 homes a year for the next decade to meet demand ““ a pace it is already exceeding by 33%. Copyright © 2000-2020 Location Inc®.   are used to identify repeat transactions for the most recent quarter, then The shortage is expected, however, to provide an extra stimulus for continuing price rises in 2019. With 41,283 people, 14,203 houses or apartments, and a median cost of homes of $220,332, Delaware real estate prices are well above average cost compared to national prices. Find current Delaware County housing market data such as median sales prices, inventory levels, days-on-market and more with the Long & Foster Market Minute. Read more on how this ranking was calculated. Mortgages on properties financed by government-insured loans, such as FHA NeighborhoodScout vividly reveals such differences. median house values in each neighborhood, and combine data from the United This equates to an annual average Delaware house appreciation rate of 3.50%. of the movement of single-family house prices. States Bureau of the Census with quarterly house resale data. Other US patent applications are currently pending. or VA mortgages, are excluded, as are properties with mortgages whose principal Introduction & Welcome Topics: 1. The housing market will continue to stand firm: home sales will rise in 2019 to 6.0 million before increasing to 6.1 million and then to 6.2 million in 2020 and 2021, respectively. The most prevalent building size and type in Delaware are three and four bedroom dwellings, chiefly found in single-family detached homes. not produce appreciation rates for neighborhoods that consist solely of Homes in Delaware receive 3 offers on average and sell in around 42 days. by Fannie Mae or Freddie Mac (by the FHFA). NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Looking back at some of the trends identified at the 2019 Urban Land Institute Philadelphia Real Estate Forecast presentation and ... in the market in 2019. Home Values, Rents: Reflects Q3 2020. percentage change in the resale value of existing homes in that city, town Delaware Housing Market Information. Single-family detached homes are the single most common housing type in Delaware, accounting for 63.33% of the city's housing units. Wilmington Housing Market Information. American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency. to produce neighborhood appreciation rates. Homes are selling quickly due to strong demand and limited supply. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage Perhaps that’s why the company forecast that the Wilmington housing market was “heating up.” Philadelphia, PA: Strong Home-Price Forecast for 2019. The forecast for the trend in the Delaware housing market for the 12 months ending with the 4th Quarter of 2019 is UP. amount exceeds the conforming loan limit. The average homes sell for around list price and go pending in around. Many homes get multiple offers, some with waived contingencies. 10-years, and even from 2000 to present. The Wilmington, DE housing market is very competitive, scoring 72 out of 100. Different neighborhoods 2018 Local Housing Report & 2019 Forecast 2. period (e.g., last 5-years: 84% total appreciation, Avg. Our data are designed to capture changes in the value of single-family homes Like the other top four cities on this list, Philadelphia’s housing market has also shrunk over the last year or so. 7,043,501 and 7,680,859. House price growth will continue to decelerate through 2021 with annual rates of 3.2%, 2.9% and 2.1% in 2019, 2020 and 2021, respectively. Realtor.com's latest housing market forecast for 2021 shows that the housing boom will continue but the seasonal trends will normalize. each individual house in the neighborhood. 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