Is Newark, DE 19711 a buyer’s or seller’s market?
Newark is a seller’s market. With about 2 months of supply and 41% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2Under 4 months = seller’s market
Sold above original list41%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$217▲ +2.5% vs. last year
Run the numbers for 19711
Nearby markets
Bear 19701Seller’s market $206 /sq ftClaymont 19703Seller’s market $223 /sq ftDelaware City 19706Balanced $218 /sq ftHockessin 19707Seller’s market $211 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology